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jtuck004

(15,882 posts)

1. Wait until they raise interest rates. Millions of people have refinanced after the thieving bankers

Reply to Purveyor (Original post)

Thu Sep 11, 2014, 10:59 AM

Sep 2014

and their politician friends stole so much from the economy, and they used ARMs to do it.

There are, roughly, 9 million homes loans underwater today, and that could add as many as another 2 to 3 times as many from a couple estimates I read of those ARMS resetting, once they get tired of keeping the economy up for the people like Mi$$ RobMe on the backs of working people, as is being done today.

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US Foreclosure Activity Up 7 Percent in August, RealtyTrac [View all] Purveyor Sep 2014 OP

Wait until they raise interest rates. Millions of people have refinanced after the thieving bankers jtuck004 Sep 2014 #1

With fixed interest rates so low, why in the hell would anyone do a ARM? Purveyor Sep 2014 #2

I'm not sure if you remember a financial crisis prompted by thieving bankers and their jtuck004 Sep 2014 #3

I agree banks are thieves and can have strong sales tactics but... titaniumsalute Sep 2014 #4

"...Anyone who has access to a computer". AND has enough financial savvy to jtuck004 Sep 2014 #6

Because the rates on ARMs are usually lower than fixed rate loans, even in this environment... paleotn Sep 2014 #5

I just chose a 5yr ARM and it will save me about $300/month due to lower interest rate. DCBob Sep 2014 #7