Reply #38: You tell me, they are the customer and plan to be be for 15 to 30 years [View All]

[whistle]

...so they deserve to be treated fairly and honestly, not cheated and thrown out into the streets after 2 to 4 years! They will work and raise their family, pay their bills and be responsible citizens. Certainly, no homeowner ever intends to default on their mortgage payment. So why then are they ever placed into that position? Why have a loan system that offers that opportunity? Explain that please. Adjustable rate mortgages are loan shark traps, just like those free promo credit cards with default provisions.