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Posted by: Bkumm 1 year, 2 months ago

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    Bkumm1 year, 2 months ago

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    There are only two reasons to get an ARM. One is that you are only going to be in the house less than the term of the ARM OR you are getting a house with the foreknowledge that you are going to get a fixed rate mortgage before the ARM adjusts.

    Do NOT get an ARM for any other reason.

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