if you bought a house in Puna in the last 5 years

[ric]

StillHope, an ARM can be a great product when interest rates are at a high, and also they are a good tool to take advantage of low rates when you only plan to be in a house say, 5 or 7 years. But people can't use that to facilitate buying a larger house than they can afford. Given that the house someone is buying is affordable for them, the ARM can put an extra $100 or $200 in their bank every month. That should be cream, but people ended up using it to push their envelope into something they couldn't afford. Don't rip the product because of mass mis-use by consumers. I think it is still (at the moment) a free country, and consumers can choose from a number of loan products, people just didn't think or take care of what they were doing and chose one that didn't work for them. PS. I am not a banker.