The Cellar - View Single Post - Sub-prime Bail Out

deadbeater · 11-07-2007, 06:35 PM

However, merc, some borrowers were ripped off, accepting loans that turned out to be ARMs when they had the credit to acquire fixed loans instead. I know of at least a couple of them from my neighborhood.

11-07-2007, 06:35 PM	#24
deadbeater Sir Post-A-Lot Join Date: Dec 2006 Posts: 439	However, merc, some borrowers were ripped off, accepting loans that turned out to be ARMs when they had the credit to acquire fixed loans instead. I know of at least a couple of them from my neighborhood.