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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (149604)9/23/2008 5:31:15 PM
From: Elroy JetsonRespond to of 306849
 
There are plenty of people in my neighborhood who obtained Option Pay loans which gave you the choice to pay only 1% each month - for any 18 months, some for 27 months.

Of course the actual interest rate was 6.4%, but who cares about that. Guess which 18 or 27 month period these "home owners" chose to use to optional period.

Of course the first 18 or 27.
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