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re: Talk me out of a 7 Year - Adjustable Rate Mortgage loan

Posted on 2/10/16 at 8:49 pm to
Posted by Lou Pai
Member since Dec 2014
28169 posts
Posted on 2/10/16 at 8:49 pm to
quote:

Plans can change very unexpectedly. As Mike Tyson said, "Everyone has a plan until he gets punched in the mouth."



Such a great quote. I feel that Patton could have very easily said it, and it applies to many different aspects of life. And even though it was said by a notoriously financially illiterate moron, it's cited in a discussion on pros and cons of different types of mortgages.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89640 posts
Posted on 2/11/16 at 12:55 pm to
quote:

I feel that Patton could have very easily said it,


In the Army we say, "No plan survives direct contact with the enemy."

We also say, "The enemy gets a vote." This is why you need branches and sequels to your plan for contingencies.
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