10-28-2008, 04:38 AM
You know, a person's realtor usually can and does give initial advice concerning affordability. There is stuff all over the place, including the internet, on how to get the right mortgage. There are lawyers, mortgage brokers and friends, family, that will offer decent initial advice, that gets a home buyer on their route to more and thorough info.
The pitfalls of interest only loans have been in the mainstream media since the day they were offered.
Only an idiot would not question a no-doc or interest only loan.
No excuse for anyone to go into any mortgage blindly.
Anyone buying a home should be able to read and comprehend enough of the fine print to ask some questions.
All of this bailout business is a sneaky form or theft, socialism, or whatever name you want to call it. They are deciding on who to help out, when, with taxpayer money, at the expense of the rest of America.
It all stinks.
The pitfalls of interest only loans have been in the mainstream media since the day they were offered.
Only an idiot would not question a no-doc or interest only loan.
No excuse for anyone to go into any mortgage blindly.
Anyone buying a home should be able to read and comprehend enough of the fine print to ask some questions.
All of this bailout business is a sneaky form or theft, socialism, or whatever name you want to call it. They are deciding on who to help out, when, with taxpayer money, at the expense of the rest of America.
It all stinks.