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#1
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At an additional cost, of course. One day i want to be the bank [img]/images/graemlins/smile.gif[/img]
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#2
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cubsalwayslose,
Perhaps I was not clear. My statement was basically that just because a person can get themselves into trouble by buying too much house with an ARM does not necessarily mean that ARMs themselves are a bad choice. Don't get me wrong, they are here but the reason is not concerns about buying too much house. J |
#3
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Correct, ARMs are not a bad choice in all instances, especially people planning to own for a short period of time or those planning to buy when rates are dropping. Rates are currently on the rise so i think right now is not the right time to jump into one.
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#5
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Thanks for all the advice - I've found it really helpful. I may reconsider the amount that I'm saving, but I really don't mind living like a bum for a while to save and buy. I have a terrible fear of turning 50 and having no savings like my dad. Or worse, turning 40 and having my dad want to rely on my savings.
And I promise no gimmick accounts later; I live much too far north to get robbed by mexicans. We have our own stereotypes up here, but they aren't about cleaning ladies. Or any kind of work at all. |
#6
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[ QUOTE ]
At an additional cost, of course. One day i want to be the bank [img]/images/graemlins/smile.gif[/img] [/ QUOTE ] Yeah, but it could easily be worth it. How bout them ING flat $555 refi rates? |
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