Reply #36: So you think that somebody should simply go ahead and buy a house

[MadHound]

That is way over their budget, with no money down, using an ARM, simply because some greedhead mortgage salesperson assures them "everythiing will be taken care of?" Gee, should people then go on to buy various bridges, acres of swampland and submerged property because some greedhead hustler tells them the same thing? C'mon, a house is usually the largest investment most people make in their lives, and as such a person needs to do their homework, and bone up on the knowledge so that they can make informed decisions rather than relying on the vague promises of some bank or loan official. Frankly, if you fail to do so you're just asking for trouble, and that's been a truism for a long, long time.