On the topic of buyer agents and loan choices ...

Here is a question to ask a buyer agent you might be interviewing: "How many of your past clients used option ARMS to buy houses?"

The answer should be zero.

Option ARMS were never a good choice because they were too risky. No buyers in our Ann Arbor buyer agent office ever chose an option ARM after we had a frank discussion about the negative aspects.

However based on the number of home buyers that are suffering with them right now it is clear that a lot of those buyers didn't get good advice from their "buyer agent".