Re: BRAG: Just got approved for a home mortgage
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Interesing. Thanks for this input.
I was shocked at the prevalence of IO loans a few years back - furthermore I imagine a lot of 3 & 5 year ARMs are about to expire and people will be in for quite a shock when they have to refi.
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Ohhhh, didn't even take those people into consideration. Yes, this is very true. Thousands of people are going to get screwed on this one. This may actually start a smaller wave of forclosures.
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