I have found that they believe everything their Broker or Lender has told them, even if it makes no sense. I wish they would look closer at the HUD and do the math. They get to skip a payment and that makes them happy, but why not take that money and pay your taxes or deposit it in escrow rather than rolling it into your loan and paying interest on it? The biggest life purchase one will make and no one seems to care to take the time and do some research. |