7-1 year ARM
Type the details of your question hereI just agreed to take a 7 year ARM based on short term goals (not knowing if I wish to stay in the home for longer). Mortgage $296k at 3.175%. I will also look to make regular contributions above the monthly payment to cut through the principal and increase equity faster. I am happy to take on the risk of rising interest rates and refinance in the future if need be. Have I made a good decision? by ARO1975 from New Haven, Connecticut. Apr 1st 2011
Hugh Duckett (duante.duckett)
#12 ranked lender in Maryland - 10 contributions
Yes, you have made a good decision. Many persons are afraid of ARMs, but they are a great product for a person in your situation. If you know of anyone who would like the same type of deal you received, ask them to give me a call. Duante Duckett - 800-735-0525 x 6304
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