Detailed market commentary at The Market Ticker and Ticker Classics
(The Year 2012 In Review)
Donations accepted; we offer GOLD ACCESS for enhanced privileges. T-Shirts, caps, coffee mugs? Click here.
BlogTalkRadio - Mondays at 3:30 Central - Yes, TickerGuy has a radio show (kinda)
RSS available You are not signed on; if you are a visitor please register for a free account!
|MarketTicker Forums Single Post Display (Show in context)||
User: Not logged on
|User Info||And So It Begins - The NEXT Implosion; entered at 2008-08-06 11:33:36|
Well it STARTS at 1%.|
You don't make it to year 5 on any of these that I've looked at if you make minimum payments. Roughly 3 years is where they go boom, with some differences from one lender to another depending on the teaser (if any) and annual escalator.
The problem is that at least half of all borrowers who took these are making only minimum payments.
Last modified: 2008-08-06 11:34:06 by genesis