Re: Do NOT get an ARM and you\'ll be fine nt
Nate, whats your beef about ARMs? They seem to me to be a perfect option for a twenty something who doesn't see himself staying in the home for more than 5-7 years. So get yourself a 7 year ARM at 2.25% lower than a conventional 30 year rate. Then you are selling the place before your 7 years are up, and you made out like a bandit on the rate you paid versus what you could have paid on a conventional loan.
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