The current mortgage system is designed to squeeze as much money out of you as possible...
WARNING: you're at a severe disadvantage because mortgage companies charge as much interest as long as possible without informing you in a clear way all the steps you can take to change it.
The current system requires your payments follow an "amortization schedule", which forces most of your money...
If you are paying 40% or more of your paycheck to your mortgage, there is nothing left to invest or to enjoy your life. Here is where it gets worse. Your ARM is designed to trap you into a lifetime of payments... That does not make sense right? You plan to refinance your mortgage after your ARM expires and when that's done you plan to take out a 30 year mortgage payment.
Let's see how...
