Goomba wrote:
> blake murphy wrote:

>> the lenders don't have any resposibility to point out potential
>> pitfalls of a variable rate, or even explain it adequately?

> Mine always did, and lord knows we always had to sign a gazillion
> documents stating we understood risks and responsibities.

Have they revoked Truth in Lending? You had to sign it a day or
two before closing. It states how much your payment is, how much
it will cost over the life of the loan, if it's an ARM how high your
payments can go, etc etc etc. No fine print, big numbers on an
easy to read form.

nancy