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Message: <blockquote data-quote="Upzaw2000" data-source="post: 5239121" data-attributes="member: 603780">some people its ok, they have longer term arms like 5-10 years which is good for people who dont intend on actually staying in the property for 30 years. Many people got arm loans with a 2 year adjustable rate period and fukd their credit by not paying bills and when it came time to refi....1. they couldnt get approved because of their even shittier credit2. the market is fukd, hardly anyone can get financing#2 isnt their specific fault but after 2 years, they should have taken advantage of the low rate and got their credit up by the time the rate went up</blockquote>

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