Re: the "R' word
CB I don't know if u know, there is a huge difference between buying a sweater on sale and a house. What is that difference? The fact that purchasing a house is a major decision in your life with a huge price tag for which you will take a loan out. Please don't compare the two purchases! You can never take an ARM out to purchase a sweater! You will continue to make payments on a house and if u get an ARM those payments will fluctuate.
It's shocking that you don't understand these simple concepts yet claim to work in the financial sector.