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To: SeekAndFind

Welcome to the Obama Economy. In it, anyone taking these type of loans is a fool. And anyone taking an ARM for more than a year is sitting on a powder keg.


5 posted on 06/18/2013 5:54:59 AM PDT by sr4402
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To: sr4402

Refi happens today...
Getting out of an arm to a higher rate, but lower than a one year “adjustment”.


23 posted on 06/18/2013 6:14:29 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: sr4402
And anyone taking an ARM for more than a year is sitting on a powder keg.

Maybe. I said exactly that a couple years ago and I was wrong. I won't be wrong forever, but it could be a while longer.

31 posted on 06/18/2013 6:19:27 AM PDT by palmer (Obama = Carter + affirmative action)
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To: sr4402

I’m sitting on an ARM. 2.5% I can unload 10 grand at any time and refi @ 4 fixed. Why bother?


61 posted on 06/18/2013 6:35:35 PM PDT by eyedigress ((zOld storm chaser from the west)/ ?s)
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