Iowahawk on the Mortgage Crisis: Best. Blog Post. Ever!

No, really. I don't hand out platitudes like that lightly. See for yourself:

Iowahawk: Please Don't Destroy My American Dream

The whole home buying process can be confusing and intimidating, especially for first time buyers. Luckily, First Coralville mortgage broker Linda Mustaine was there to help guide me through all the steps. Linda explained that the first step to home ownership was getting pre-qualified for a loan. I was surprised to learn that my lack of a full-time "paying job" was no barrier, thanks to FCM's exciting RapidNow Subprime HomeCash program. Linda explained that I could count as income the Worker's Comp settlement I was receiving from the fryer accident, as well as the anticipated flood of tipjar income from a totally awesome blog post idea I've been thinking about. Using a sophisticated financial computer math program, she demonstrated how I could minimize my payments by selecting the 200-year interest-only ARM. The only formality was the credit check, and my TransUnion score was more than adequate after adding in the scores of my cosigners Kyle and Chuck.

My god, that was such an amazing blog post, I think that I need a cigarette after reading it.

It's quite a long tale of woe, but worth sticking with it for the punchline.

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