This post comes from partner blog The Dough Roller.
Many years ago I was a buyer for a large pharmaceutical company. My boss had worked at the company for many years and was a man of great experience. As he taught me to negotiate contracts, he constantly reminded me of this one eternal truth: Read the fine print. As he put it, "The big words giveth, and the small words taketh away."
Well, that advice is as true today as it was 20 years ago.
Last year I received in the mail an offer for what appeared to be a really low interest rate on a mortgage. The offer was from Countrywide Home Loans, which seemed to me at the time to be a reputable mortgage company. The letter was promoting a "PayOption ARM."
Here is what the big print giveth:
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