| Joe R - 11/24/2022 11:59
Anyone with an ARM on real estate money deserves that scenario. Why in the world would anyone of financed anything on adjustable rate the last 5 years when you could of locked in 20-30!year rates under 4%. I assumed that was a lesson learned from the 80’s. Never do an ARM
Because banks wanted 50% down on anything other than home loan, unless you went 3-5ARM.
Mine maxes out at 12% in 2028 IF interest gets that high. |