Pay Option ARM loans are not all evil

A payment option ARM loan alone is not a bad loan. How can I say that? The loan everyone loves to hate right now. Pay Option ARM loans are responsible for all of the worlds problems right? No they are not. Greed makes them bad loans. Greedy consumers wanting to buy more house than they can really afford, or not asking enough questions as to why the loan sounds to good to be true. Greedy loan officers looking to make a quick buck and not think about what is right for the csutomer. Greedy investors and lenders looking to make big bucks selling a loan to situations where it is not wise. Pay Option ARM loans are not evil, greed is always evil.