why people do 5ARM
2007-08-15 19:57:53 · 5 answers · asked by Me 3 in Health ➔ General Health Care ➔ Injuries
unless you have every intention to pay off the ENTIRE mortgage off in the 5 years I would not recommend it.
Be smart & conservative if you know you are going to pay off huge chunks then there is not any restrictions to paying off a 15 or a 30 year mortgage early, but if you don't pay the year arm off in 5 years, you will be sorry you did not get the 15 or the 30 year!!!!!
2007-08-23 12:16:42 · answer #1 · answered by yourguessisasgoodasyours 4 · 0⤊ 0⤋
Avoid ARMs like the plague unless you have the money to pay it off within a couple years.
Interest rates have nowhere to go but up. the days of 3% are gone.
Get a 6% 30 or 40 year fixed. If interest rates do drop, you can always refinance.
What has this got to do with injuries?
2007-08-23 22:30:15 · answer #2 · answered by jjudijo 6 · 0⤊ 0⤋
I think you have this in the wrong section here . I`m sorry also that I can`t help you with your query
2007-08-22 08:48:04 · answer #3 · answered by Only Me 7 · 0⤊ 0⤋
i dont understand why this is an injury question. sorry can't help you there
2007-08-17 10:06:13 · answer #4 · answered by Lynise 4 · 0⤊ 1⤋
DUH, watch the news! ARM's are making people homeless all over the country because of FORECLOSURE!
2007-08-23 23:05:24 · answer #5 · answered by Felipaa' 3 · 0⤊ 0⤋