edtheincomeinvestor

A Solution to the Mortgage Foreclosure Mess

I have option ARM too, it helped me buy a house in the best area and the best schools. I received clear and full disclosure (Wells Fargo) and had the means to fully pay off if necessary (loan is 10X assets). It actually adjusted LOWER in July to 4.25% Those borrowers who didn't understand (NO excuse, you signed a contract) or never really had the means are the ones at fault for this crisis! They should be penalized like Responsibility says.