“Two years ago, when Lewis was looking for a larger house, she easily prequalified for a nearly $700,000 house even though she had no down payment and a spotty credit record. It helped that she was willing to take on two loans to cover 100% of the cost…….I wasn’t completely aware of the mortgage terms but I knew it would adjust in two years,” she said. “Properties were still going up at the time, so I felt it might be a good time for me to buy.”

She was gambling on appreciation and didn’t care about the mortgage terms. She is just too intelligent to accept her role and is just looking to blame anyone else. The montly payment increased by $2,000 and she can’t afford it. That just shows how overextended she already was.