We run into all of those problems and expected to. if you didn't expect to get those costs, then you need to reassess why.we still got stuff from the S&L crisis, so older than some of our members.

Think mortgage crisis when brokers were making big commissions on loans everyone knew were bad loans.  

@Mark Ainley  much of the financial crisis was caused by exactly your thought process,, IE when many 5 year commercial loans came due the lenders either were not in a position to re write ( they went under and the new  bank that acquired the failed bank  or note holder would not re write the loan.. its was a major cluster for many companies that would in the day had no issue with a rewrite of their paper..

Up to now his loans have been B of A and WAMU and did many loans before the crisis took the limit down.

With only a 3.5% down payment and a 580 minimum credit score requirement,many critics believe FHA loans are encouraging another crisis.

With only a 3.5% down payment and a 580 minimum credit score requirement, many critics believe FHA loans are encouraging another crisis.

China is facing a crisis with their population.

:)*Edit: I was trying to be diplomatic and poke at why you want to sign one with this agent.. but I'll just refer back to @Chris M.: "Hell No!"

Yes we will have another housing crisis and yes we will recover from it.

.), I have always taken 30 year loans for the flexibility, such as having a better DTI for second loan, and being able to make a smaller payment during a cash crisis.