It's time ! Get ready for wave TWO!! Subprime is out - Option ARMS are IN! | |
Anonymous Coward User ID: 843212 United States 12/29/2009 04:39 PM Report Abusive Post Report Copyright Violation | |
Maximus Interruptus II User ID: 850794 United States 12/29/2009 07:41 PM Report Abusive Post Report Copyright Violation | |
DragonsFall (OP) User ID: 852374 United States 12/29/2009 09:55 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 767411 United States 12/29/2009 10:00 PM Report Abusive Post Report Copyright Violation | |
DragonsFall (OP) User ID: 852374 United States 12/29/2009 10:09 PM Report Abusive Post Report Copyright Violation | I thought rates are low, so the Option Arms aren't resetting in a catastrophic way. Quoting: Anonymous Coward 767411I didn't think the rates had anything to do with it.. I thought the rates where pre-set at the time the loans where made. Can you explain? Maybe I'm wrong but I thought the option arms would be a repeat of 08 - 09. |
Anonymous Coward User ID: 727524 United States 12/29/2009 10:11 PM Report Abusive Post Report Copyright Violation | I thought rates are low, so the Option Arms aren't resetting in a catastrophic way. Quoting: Anonymous Coward 767411True. My option arm mortgage (I know, I'm an idiot) is with Chase and was due to reset last year but they sent me a letter to extend the intial rate until 2012, so I accepted. Doom is off until 2012 for me...maybe. |
DragonsFall (OP) User ID: 852374 United States 12/29/2009 10:14 PM Report Abusive Post Report Copyright Violation | I thought rates are low, so the Option Arms aren't resetting in a catastrophic way. Quoting: Anonymous Coward 727524True. My option arm mortgage (I know, I'm an idiot) is with Chase and was due to reset last year but they sent me a letter to extend the intial rate until 2012, so I accepted. Doom is off until 2012 for me...maybe. thanks for chiming in... ok, well maybe it's just more of the 'kick the can' down the road.. business as normal these days. |