Most of our clients contractually agreed to adjustable loans starting in the year 1991.
Now? Well, the interest rates are about $0 per any amount of time. The loan interest rate is basically the "margin" rate of 2% or so for 30 years.
Are the banks happy with that? Of course not. The banks have tried many tricks to get out of their contractual obligations but by-and-large the banks can be defeated in court and have lost - per their agreed contracts.
Our clients already know how to diffuse the tricks. A contract is a contract. Bankers are crooks, but a contract is a contract. Unless the banks have a way to pay off... well,... you know...
