“Please also understand that there are countless people that do not understand real estate as you do.”
I’m sympathetic…kind of…but this statement rings hollow. I knew nothing about mortgages or real estate before I bought my house. I figured that I better learn something before I put myself in the hole almost $400k.
So, I bought a few books (including Home Buying for Dummies) and learned a few things. One of the things I learned was the risk in ARM’s and decided I’d buy less house and get a 30 year fixed rate loan since I wasn’t willing to take the gamble of rising rates and not being able to refinance into payments I could afford.
You on the other hand, plead ignorance after having dropped more than a half million on a house with loan terms you didn’t understand? People like you probably spend more time comparison shopping and doing research on the internet for a TV than you did for your house. That’s sad…very sad.
