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January 19, 2006
UnARM
Suze Orman suggests dumping the ARM as mortgage rates climb northwards.
Lots of buyers in this area used ARM's with low rates in order to get themselves into homes during the recent boom. Now that ARM rates are rising and fixed loans are still fairly low, it might be worth checking into refinancing if you bought on an ARM. Before it ends up costing you and ARM and a leg.
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Posted on January 19, 2006 08:44 AM by Mortga80.
Filed in Mortgage Calculator under mortgage rates.
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