[Excaliber]

VERY telling that such a large percentage are unable to determine if their loan includes a ballon payment or an early refinance penalty. I know, I know, it's easy to say, "Well it's the borrowers fault, they should have read the fine print." But reality is, we tend to TRUST our financial advisors because the fine print is written in such gibberish and laywereze it's simply impractical for the average consumer to understand it. And the percentages of those unable to 'get it' BEAR THAT OUT.

The baby boom generation will be subject to one crafty 'scam' after another in the years to come and many GOOD PEOPLE will fall for them, as has happened to many good people all ready with the housing lender 'scams'.

Nope, you can't excuse peoples ignorance, but I won't be so quick to lay the blame on them either. Add to the list of professionals to be skeptical of: Used car salesman, politicians, police officers (sorry, but thats a fact), lawyers, real estate salespersons and now BANKERS and financial advisors.