Home › Forums › Housing › The 5/1 Interest Only ARM Returns › jpinpb wrote:Hold the phone,
[quote=jpinpb]Hold the phone, everyone. These are even uglier loans:
Remember those horrific option ARMs? Well they are now morphing into other products Shocked yet? Well how about a 40 year IndyMac loan modification. An example, Modified Unpaid Principal Balance 472,136. Maturity Date 6/1/46.
I guess we’ll be kicking the can until it’s time for the newborns of today to be old enough buy.[/quote]
Looked at the link … Now those are some stinker loans !! Why not just have an indefinite-term interest-only loan ?
