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Did the interest rates on the "teaser" rates HAVE to climb so drastically? Why did they not climb to the going rate, now about 6 percent?
I would figure the lenders would rather have SOME of the mortgage being paid back, as opposed to NONE of the mortgage being paid back when people walk away.
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Of course it's REAL! You are NOT imagining it!
We don't want a bigger government; We want a government that does a few BIG things, and does them right.
If you think that you can cut it, if you think you got the time, they'll only give you one chance, better get it right first time. 'Cause in this game you're playin, if you lose you got to pay. And if you make just ONE wrong move, you'll get BLOWN AWAY!
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