Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (346994)	8/16/2007 9:12:00 AM
From: Road Walker	Read Replies (1) of 1574854

re: I can understand someone fresh out of school falling for one of these loans but a woman who owns three houses? I think people were wanting their cake and eat too. I've had 3 mortgages in my life and the adjustable were always seductive but I've always opted for fixed. The argument for adjustable was "Most people move in five years so you will save money blah blah blah". The problem now is that a lot of these houses have depreciated so they can't refinance to a fixed because they barely qualified for the payments on the adjustable. Now they are F'ed, as are the credit markets.

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