I recently received a startling statistic about risky loans.  It seems that 1 out of 3 homeowners have no idea what kind of loan they have. Under better market conditions, that might be okay. But in the current market where it is predicted that over 2 million homeowners will lose their home due to sudden, unexpected and devastating increases in their mortgage payments, it's imperative that one know exactly what kind of loan he or she has, and even more importantly, when and if their loan will recast and go up.  I would encourage you to share this information with others you know who are homeowners (you'd be surprised how many people who seem to be doing well are really struggling -- or will be soon).  Whether it be with me or someone else, many of the people we know NEED to have someone help them find out the important details on their loans.  By doing so, they can get the advice they need to help them make the wisest decision possible -- before taking devastating hits to their credit scores and equity.   

For more info, see the following article: http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=akOEPec30TR4