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Old 05-26-2004, 11:19 PM   #1
goBigtime
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Do you have a Fixed or Adjustable rate mortgage?

If you own a home, did you get a fixed rate or adjustable rate mortage?

I'm curious what the % breakdown of fixed Vs. ARM mortage holders are out there.

Is there anywhere online where those numbers are available?

Last edited by goBigtime; 05-26-2004 at 11:22 PM..
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Old 05-26-2004, 11:27 PM   #2
jigg
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try lendingtree.com
Suze Orman seems to recommend it a lot
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Old 05-26-2004, 11:28 PM   #3
JulianSosa
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ARM with a bad pre pay unfortunately. Its up in 5 months I am nort sure If I will do another ARM or a fixed
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Old 05-26-2004, 11:34 PM   #4
goBigtime
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Quote:
Originally posted by jigg
try lendingtree.com
Suze Orman seems to recommend it a lot
I don't need a mortgage, I just want to know the # of people in the US who have Fixed rate mortages Vs. the number of people who have ARM's.
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Old 05-26-2004, 11:34 PM   #5
Lane
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fixed 30 yrs at 5.625
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Old 05-26-2004, 11:35 PM   #6
Global Dialers
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neither paid off the house last year in full after 4 years
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Old 05-26-2004, 11:36 PM   #7
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fixed 30 year at 6.5... being recently self employed when I first bought my house, I couldn't prove enough income Hiding it from the tax man LOL
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Old 05-26-2004, 11:36 PM   #8
goBigtime
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Quote:
Originally posted by Lane
fixed 30 yrs at 5.625
Good man



ARM's + the inflated housing market are going to kill people I'm afraid
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Old 05-26-2004, 11:37 PM   #9
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just kidding if you're a tax man in here LOL
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Old 05-26-2004, 11:37 PM   #10
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yes, we have a fixeds as well at 5.5
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Old 05-26-2004, 11:37 PM   #11
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Unless you plan on living in your house for the rest of your life an ARM is the way to go. I got a 5 year ARM at 3.8% saving me over $700 a month compared to a 6% 30 year fixed. That is almost $50,000 saved in interest over a 5 year period.
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Old 05-26-2004, 11:38 PM   #12
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Quote:
Originally posted by goBigtime
Good man



ARM's + the inflated housing market are going to kill people I'm afraid
depends on how long your planning on living in your current residence
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Old 05-26-2004, 11:45 PM   #13
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I paid cash :-)
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