Mortgages Gone Weary

Motly Fool has "Mortgage Disaster Ahead? [fool commentary]" which has some good advice for those facing ARM resets. One thing I didn't see was about how to deal with pre-payment penalty for changing the loan(s).

But then, why become slaves to the banker(s) in the first place? Rent until you can buy all cash. That is, save before you buy or don't buy until you have the money: delayed gratification. What a concept!