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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) |
Nevilledog (902 posts) Send PM | Profile | Ignore | Wed Mar-05-08 09:34 AM Original message |
Quick question on ARMs......... |
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Fresh_Start (1000+ posts) Send PM | Profile | Ignore | Wed Mar-05-08 09:37 AM Response to Original message |
1. usually 1 year or 2 years |
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Nevilledog (902 posts) Send PM | Profile | Ignore | Wed Mar-05-08 09:51 AM Response to Reply #1 |
5. That's a shorter time than I imagined. |
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DadOf2LittleAngels (1000+ posts) Send PM | Profile | Ignore | Wed Mar-05-08 10:48 AM Response to Reply #5 |
10. Ive seen up to 5 years |
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PA Democrat (1000+ posts) Send PM | Profile | Ignore | Wed Mar-05-08 09:41 AM Response to Original message |
2. Traditional ARMs I believe reset after the first year. |
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peace13 (1000+ posts) Send PM | Profile | Ignore | Wed Mar-05-08 09:46 AM Response to Original message |
3. Th use of interest only mortgages added to the problem. |
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Nevilledog (902 posts) Send PM | Profile | Ignore | Wed Mar-05-08 09:52 AM Response to Reply #3 |
6. Doh.... forgot about those types of mortgages too. |
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diello (6 posts) Send PM | Profile | Ignore | Wed Mar-05-08 09:48 AM Response to Original message |
4. anywhere from1,3 or 5 years (nm) |
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sybylla (1000+ posts) Send PM | Profile | Ignore | Wed Mar-05-08 10:15 AM Response to Reply #4 |
8. This was true in my case - initial rate was set accordingly |
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Xenotime (1000+ posts) Send PM | Profile | Ignore | Wed Mar-05-08 10:49 AM Response to Reply #4 |
11. We have a 5 yr |
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ileus (1000+ posts) Send PM | Profile | Ignore | Wed Mar-05-08 10:13 AM Response to Original message |
7. ARM's have been around a lot longer than Bush. |
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aikoaiko (1000+ posts) Send PM | Profile | Ignore | Wed Mar-05-08 10:20 AM Response to Original message |
9. When I was mortgage shopping I had offers of 1 - 7 years. |
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DadOf2LittleAngels (1000+ posts) Send PM | Profile | Ignore | Wed Mar-05-08 10:52 AM Response to Original message |
12. No *one* person is at fault for the mortgage mess |
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DU AdBot (1000+ posts) | Fri Apr 26th 2024, 11:04 PM Response to Original message |
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