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Morgage shopping, ARM or 30 Fixed?
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Re: Morgage shopping, ARM or 30 Fixed?
05-21-2007, 11:01 AM
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al_bundy
Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
if you think that rates will drop when your loan adjusts then go for it. if rates stay the same than you will be paying 7.5% when it adjusts. if rates go up, watch out.
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