[stephluvsangel6]

they say that those are bad and can be very very costly but the new trend is mortage companyies are tryign to talk people in to getting them.

also i dot know where you are at in what state but i know here in cali when my husband and i was first time home buyers we got a special rate with no money down etc etc since we were first time home buyers and we hae our rate at 3.75 but whats bad is once you sell and such your deal is done but hey it worked for us till now since we were in the middle of selling and moving stuff till hubby lost his job so now we are still in our house.

anyway im way off subject here but yeah they say to beware of those interest only loans and those adjustable rate ones also