Thursday, October 01, 2009 10:30:27 PM
I keep reading ARM resets (adjustable rate mortgages) are going to peak in 2010~2011, and those people will all want out of those ballooning payments. Geitner also wants these switched over to fixed rate instruments as well. Enter Expert Financing. Supposedly, the looming ARM reset debacle is going to dwarf the subprime tangled web, and these people, suddenly in over their heads when their resets hit, will be banging down Expert's doors to get a good fixed rate Refi deal.
Give a man a fire, and he is warm for the rest of the day;
set a man on fire, and he is warm for the rest of his life. ~ Pritchard
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