<<It is not fair to call folks on not taking advantage of the free public education provided them...>>
Well spoken and I couldn't agree with you more.
There are some people who just pay attention to what their monthly payment would be. However, there is a major disconnect when they take out the adjustable rate mortgage. Here we are at historical interest rate lows and they don't think that their monthly payment will increase! Duh! I guess they are simply hoping it doesn't. The "educated" folks that should know better are gambling here.
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