It really is unsettling to see how many people sign things that they don't understand. That's not vulnerability, that's ignorance and irresponsibility.
It's also scary when you realize how many people will tell you whatever you need to hear in order to get you to sign the contract. That's not sales, that's exploitation and dishonesty.
"Don't worry about it. Things will work out fine" doesn't cut it, when it comes to making the largest purchase of your lifetime and signing a piece of paper that will commit you to writing checks for hundreds of thousands or perhaps millions of dollars over the next several years.
I hear people asking why their payments will change when their ARM expires. "Interest rates haven't gone up, why would mine?"
Oh, boy...is a tsunami coming?
Check out the link below: md
Can U.S. curb the mortgage frenzy that puts homeowners at risk? - MarketWatch
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