Tuesday, December 30, 2008
ARM loans sometimes work
If you are living in an area where property value is below the ground, then an ARM may work for you in 2009. I actually have an ARM on one of my rental properties (I know what you're thinking, how dangerous) but my rate is down to 5%. I watch rates several times a year so when things look bad, maybe I'll fix. Also you have to pick a good ARM. My arm can only go up 1%. Do you research but maybe an ARM is for you.
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