Quote:
Originally Posted by Pico and ME
Classic...everybody was doing the re-financing thing. We did it to get some debts at a lower interest rate, but not everybody knew that ARM's were risky or a bad choice. I knew and I didn't get one...I did a 30yr at 5.75%. I dont think she was savy enough to know what was risky for her.
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Someone gave her some very bad advice. One part of the equation that got us into this mess, predators.