Many People Who Signed Up for Adjustable-Rate Mortgages During the Sub-Prime
Many people who signed up for adjustable-rate mortgages during the sub-prime mortgage debacle were no longer able to afford their payments.Many of these people were misled by their lenders.Which financial principle from Chapter 1 most applies?
A) The best protection is knowledge.
B) Mind games, financial personality, and your money
C) Stuff happens, or the importance of liquidity.
D) The time value of money