Ok, Let me just say that I am totally sick of MTA's and mortgage brokers not explaining what they are until the borrower is at the closing and asking me why thier payment is so low, and me telling them that interest gets back loaded onto thier principal balance. Look, its a good program to be in if you need to. But not if you are not familiar with the mechanics of it. I have had two cancellations in the last two days on these, and I don't see it letting up with the rates going up and up.
Brian |