Real estate blog entries tagged with arm by Ian Fregin (UCM)

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Home : Blogs : Ian Fregin : Ian Fregin's Blog : Tag "arm"

arm: Really tough spot - any advice welcome - 04/14/07 10:45 AM

So, I have some friends in Northern Virginia that bought their new construction condo in September 2005. They paid $373K (full appraised value) and got a 2 year, interest-only ARM (I did NOT do their original loan...I was new in the business and they got a "better deal" with the builder's lender). Well, as those of you up in NOVA no doubt know, the condo market up there sucks right now.
My friends need to refinance to get out of their ARM, which will start to adjust later this year. Of course, they haven't done great things w/ their credit since … (5 comments)

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Ian Fregin

Virginia Beach, VA

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