Yea but think of it this way, what if a person with a mid 600's credit score was offered a fixed rate loan for 30 years, instead an adjustible rate because the didnt have a 700 plus score, you can say what u want what if your rent doubled over night or your mortgage payment doubled, bottom line a person with a lower score should be offered the fixed rate loans
That is like saying, Iknow you can barely afford this house, but your payent is going to double in three years anyway
Intead of saying, I know u barely can afford this house so im going to give u a fixed rate loan so u want have any suprises in the future, Not hey get this adjustible rate loan for the cheaper payment for now and worry about the higher payments later
My heart is not cold I feel sorry for every single person who has lost their house
2/22, FICO ,TU 638, EQ 654, EX 630