[quote=mandiees;1438]Thanks for the advice, sounds to me as though it is just one of those "teaser" rates to get people into the house and then screw them once they start making payments. I bet most of the unfortunate people losing their homes during the foreclosure crisis had this type of loan.[/quote
Let me put it this way and I will let the thread rest. You would have to be a utter fool to go into a ARM in this market or any market right now. You are just asking to be screwed if you do.
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