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Do you have a Fixed or Adjustable rate mortgage?
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05-26-2004, 11:37 PM
SuckOnThis
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Join Date: Oct 2003
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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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