Quote:
Originally Posted by MikeWaters
But they thought it would turn out different.
I'm sitting on a ARM right now. Am I thrilled? No. But I also have a house that is not that far from 1x my income.
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I understand what you're saying and wasn't talking about you. I meant byu1 in particular and especially agree with your comment about his car.
Edit: ARMs suck and I hate mortgage companies that use them to get business. They do seem attractive, but I am such a miser with my money that I looked at the end of the road and not the beginning when I got my fixed fate for 15 years. The mortgage guy tried to push an ARM at me and when I asked why he objected to me wanting a fixed rate, he had no answer. So I left and went to a bank and got what I wanted.