Movies

TexasBushwhacker

(20,780 posts)

12. I knew something was screwy when I looked into

Sat Mar 19, 2016, 12:35 AM

Mar 2016

buying a home in 2006 I had good credit and money for a down payment, but the lenders I talked to said they could only get me approved for a "stated income" lone and an ARM. I said I would wait.

The thing is, I bought a foreclosure back in 86. Fully half the homes in the subdivision had been foreclosed. The loans when the houses were built in the early 80s had been ARMs or fixed rate loans at FOURTEEN PERCENT. So it's not like this hadn't happened before, just not on as big a scale.

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I knew something was screwy when I looked into TexasBushwhacker Mar 2016 #12

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