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Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
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I recall the percentage of Orange Co. loans were skewed 70% in favor of option-arms. There are very few 30 yr fixed. Next stop is 80 yr fixed, where you buy a house before you are born, and pay it off a few months before you die. It is a small price to pay for SoCal's 20% yearly appreciation rule.
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