Just an fyi......

I just received a letter on one of my rentals about my ARM adjusting 10/01/08 and it is going DOWN 2%!!!

The index's have come back down (our thanks again to Alan Greenspan for jacking them up in the first place)!

So, if you have an ARM, the sky isn't falling like it was, say a year ago.....

It's still important if you have long term plans but, short term people, I think you are in pretty good shape!

It's important to review your mortgage and make sure you have what you think you have.  A lot of people I have met with thought they had 30 year fixed rates only to find out after they brought their original loan documents in, that they indeed do not.