People with lousy credit BEGGED lender after lender to give them a loan until they finally found someone to agree. THEN they ignored the warnings that their ARM would adjust and they’d be paying through the nose in interest if they didn’t clean up their credit.
What makes people feel so entitled to buy a home that they can’t afford without an ARM or interest-only loan, then expect the government to bail them out when they can’t afford it?
This is sheer ignorance if you ask me. I may WANT a million dollar home, but that doesn’t mean I can AFFORD it. WTF is wrong with us?? We’re a bunch of greedy people who don’t get that actions have consequences.
I’m seriously NOT voting for any politician who wants to bail out people who have CONSCIOUSLY made BAD decisions. What about YOU?
Related posts:
- Should the government bail out Mortgage lenders and Banks who caused this mortgage crisis?
- Govt proposing Freeze on Subprime Interest rates is it Fair or not to all Mortgage holders and who should pay?
- Vote for me and i will…….?
- How can we get approved for a mortgage?
- where or who is the best mortgage lender for people with bad credit: bancrupcy . etc?