http://blownmortgage.com/2007/06/30/do-you-have-an-exploding-arm/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sat, 07 Nov 2009 02:53:18 -0700 http://wordpress.org/?v=2.8.3 hourly 1 http://blownmortgage.com/2007/06/30/do-you-have-an-exploding-arm/comment-page-1/#comment-333 Morgan Brown Sun, 01 Jul 2007 03:21:50 +0000 http://blownmortgage.com/2007/06/30/do-you-have-an-exploding-arm/#comment-333 Aaron I agree. Some people say we need more disclosure and I say the EXACT opposite. We need less paper - more clarity, more easy-to-understand examples and language so that people can understand what they are getting in to with out having a law degree. (even a law degree doesn't do it - my dad, a lawyer, got totally screwed on his home purchase.) Aaron I agree. Some people say we need more disclosure and I say the EXACT opposite. We need less paper – more clarity, more easy-to-understand examples and language so that people can understand what they are getting in to with out having a law degree. (even a law degree doesn’t do it – my dad, a lawyer, got totally screwed on his home purchase.)

]]> http://blownmortgage.com/2007/06/30/do-you-have-an-exploding-arm/comment-page-1/#comment-332 Aaron Fischer Sat, 30 Jun 2007 23:28:13 +0000 http://blownmortgage.com/2007/06/30/do-you-have-an-exploding-arm/#comment-332 Do they not know or are they saying fixed because they are embarrassed to admit they have an ARM. I am not sure its all John home owners fault many brokers don't seem to understand the difference either. Worse the marketing form broker shops will be horribly misleading and if you don't know the biz its pretty simple to be confused. I think we need better disclosures. I don't think this is limited to home loans the same people probably don't understand what rate they are charged by their credit cards. Do they not know or are they saying fixed because they are embarrassed to admit they have an ARM. I am not sure its all John home owners fault many brokers don’t seem to understand the difference either. Worse the marketing form broker shops will be horribly misleading and if you don’t know the biz its pretty simple to be confused. I think we need better disclosures. I don’t think this is limited to home loans the same people probably don’t understand what rate they are charged by their credit cards.

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