Great Mortgage Blog

By the way, I ran across this great blog about mortgages. It has some good, realistic information about mortgages and how people can get stretched too thin... Reading the posts is an eye-opener for me - it can be downright scary if you get stuck with an interest only ARM or a negatively amortizing loan... I personally still believe in the 30 year fixed loan. But I suppose it depends on your personal situation. One rule of thumb that I have read and tend to agree with is that, if you can't afford the home with a 30 year fixed loan, it probably isn't a good idea to get an ARM to lower the payments - you could get seriously burned.

Anyways, this blog, AnotherF**kedBorrower, is a good read.