Quote:
Originally Posted by saden1
Assuming you own your own home I am curious as to how many people in here actually read their loan documents in their entirety before they signed them?
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I did. I got it right at the beginning of the bubble at a 30yr fixed 5.5% rate. I locked it and stayed there. I never refinanced and took money out when my equity started to go through the ceiling. The average American is not financially savvy enough to know the loans the banks are selling were high risk.