Reply #7: I went to the bank and one of the bank officers told me that she is

[bleedingheart]

getting people in the bank all the time complaining about how their mortgages keep going up.

Duh!

Now this is a reputable bank, but I asked her if some of these folks didn't get into these situations because of the bank pushing a bigger loan. She told me that most folks don't come to the bank until the find that "home of their dreams"...that they basically want that home so badly that they will sign on any line to get that home....even if it isn't the best situation. She did admit that it is in the bank's interest for you to borrow more, but people should use more common sense.

She envisions that our area will see more foreclosures because of poor judgement...