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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (46094)11/24/2005 10:15:08 PM
From: russwinter  Read Replies (3) | Respond to of 110194
 
how many are still talking about I/O as if it is a bad thing.>

These IOs are toxic, usually have short teaser periods, interest rate resets (every month, six months, or a year), followed by readjustments to regular amortization (after 2,3, 5 or 7 years) after a period of time. Perhaps Tom can review the typical terms.



To: Ramsey Su who wrote (46094)11/25/2005 11:11:06 AM
From: John Vosilla  Respond to of 110194
 
Imagine how bad the added burden on people's monthly living expenses are when you also add in how much RE taxes, insurance, utility and gas are going up.


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