(3 quotes found)
“This is something that the county needs.”
John Reich
“For pay option adjustable-rate mortgages, in particular, this shock can be quite dramatic -- under reasonable assumptions about interest rates, as much as a 100 percent increase or more in the monthly payment.”
“This product is not appropriate for unsophisticated borrowers or those with weaker credit capacities. I would not want to deprive qualified candidates from home ownership opportunities by declaring this product off limits.”
