All these lending companies should be sued..first they give loans to
people who can't afford them and hit them with high rates and then
they drive the economy and themselves into a big sh*t hole! Ohhh if
you got low credits for whatever reason you get slammed with a rate of
10% and worst possible loan program.... who does that??? What's wrong
with this country? They need to change some rules here... people was
low credit scores should get good rates too... loans should be based
your repayment ability and not scores... why give someone with bad
credit history a high interest rate??? You're setting them up to
fail... if they couldn't pay the first time they def won't be able to
pay the second time when rates are impossible! it's a loss for
everyone! just read this article about ARM loans it's really ugly out
there http://mortgage-alert.blogspot.com