real estate: What's the deal with ARM's (Adjustable Rate Mortgages)?
- 01/17/07 06:17 AM
Well to tell you the truth, nothing. If you know you have one and you know what is happening with your ARM. I personally have an ARM on my primary residence and yes it's interest only. Ooooo, Taboo! Not really. The problem isn't having an ARM, it't the reason for having one that's the problem. I opted to take out my mortgage as an ARM because of the strategy I had behind it. My strategy, was and still is, to only make interst payments on my mortgage and to apply the difference in payment into an asset accumulation vehicle to build wealth. You … (4 comments)
Well to tell you the truth, nothing. If you know you have one and you know what is happening with your ARM. I personally have an ARM on my primary residence and yes it's interest only. Ooooo, Taboo!;)
;)
