08-03-2005, 11:27 AM
naz,Aug 2 2005, 08:37 PM Wrote:i am secretly hoping all the people with variable rate interest only mortgages get owned by a rising interest rate/umemployment combo so there will be some sweet foreclosure pickings
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Heh, I was a chicken when getting my mortgage, 5.3% for 5 years with 20/20 prepayment privledges (Like I'll ever be able to use that :lol: )
By the time it comes due, even if everything goes to hell in a handcart I'll make out okay :P
NefCanuck