You used an ARM appropriately. A lot of other people went with short term ARM's so they could afford the house they wanted. Now the rates are up and they're crying foul. They need to be foreclosed on so they won't let this happen again. They're gonna get a free pass while I adjusted the house I could afford to something I knew I could handle. Sure, I could have gotten an ARM and another 1000 sq ft, but I knew I couldn't afford it if the rates went up.
