Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 12-15-2008, 12:15 PM   #21
Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
Originally Posted by Urchina View Post
Here's a description of an option ARM: Option ARM Loan: Typical Features, Advantages, Pay Option ARMs

The biggest risk appears to be if you elect to pay only the minimum payment in the early years. This payment may allow you to defer interest, so your loan amount can actually increase, leading to much bigger payments later.

Why on earth are these things legal?
Everyone deserves to own a house. No matter what their financial situation. Creative lending at its finest.

Notmuchlonger is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Rave about Alaska / Horizon airlines Urchina Travel Information 2 11-05-2008 08:17 PM
Short Time Horizon? mickeyd Other topics 0 03-22-2008 01:05 PM
Is Stagflation On The Horizon? Retire Soon FIRE and Money 6 02-27-2008 01:48 PM
RE bubble bust on the horizon, now what? Sam FIRE and Money 29 09-04-2006 02:42 AM
Bond portion of Portfolio - Long Horizon.... Cut-Throat FIRE and Money 17 02-25-2004 01:38 PM


All times are GMT -6. The time now is 03:21 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.