So I decided to call my mortgage guy. I wanted to get the best deal on a mortage for my new house purchase. So I said to him “What can you get me?”. He says to me “We have an interest only mortgage.” I think to my self…hmmm sounds exclusive. “Interest only mortgage” I say. “I’m interested in a mortgage, I’ll take that!” He then says, “It’s an adjustable rate mortgage.” I think to myself “perfect…if I ever get in trouble paying this mortgage, I can always adjust the rate to something I can afford. I say “I’ll take it!” before he can change his mind. Who would want a mortgage that your not interested in or can’t adjust?
I sign the paper’s without taking time to read them because I don’t want him changing his mind. What a chump!
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December 11th, 2007 at 6:55 pm
Oh my…..