Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Use of an Ugly ... Dirty ... Word on ActiveRain!

    
 
     Better get a big bar of Lifebuoy soap out and cover the children's ears ... I'm going to use an ugly ... dirty ... word!
     ARM!   See?   Told you it was going to be filthy!  
     ARM ... As in Adjustable-Rate Mortgage ... is probably one of the biggest, ugliest, and most dirty words in real estate over the last 4 to 6 years.  
     But, I'm here to tell you ... saying and using this word can be GOOD!  Keep an open mind now when I say this ... but it's not the ARM program itself that is so evil. 
     It was how the program was utilized at times during those years that have made the word and program so detested and feared now.  As with almost anything, if used improperly or for the wrong reasons ... bad things can be the result.  With ARMs, that was definitely the case. 
     But, below is a clear-cut example of where keeping an open mind ... and utilization of an ARM proved extremely beneficial monetarily to RECENT clients of mine.  Circumstances may exist where it could prove helpful to you or others as well.  The points that determined the lending program they decided upon were these:
During the thorough discussion of their mortgage/financial options and a review ... more

__________________________________________________
Are you on The Rain? Grow Your Network!