Reply #54: The ARM was UP

[serryjw]

and what happens when you can't re-finance.,out of work, credit lousy due to illness or loss of job. Everyone is assuming life deals you and equal shake..it doesn't.I bought my condo 6 months BEFORE I was DX with Stage 3 Breast Cancer. I'm still of the old school. I have no idea why someone needs to change houses every 5 years. You buy your 3 bedroom home and raise your kids in it. You may want to trade down to a smaller home after the kids are gone.