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Reply to "Our 5/1 ARM reset"
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[quote=Anonymous]We bought in 2007 and are underwater by at least $150K; got notice from our mortgage holder that our ARM is resetting and our mortgage payment will now be ~$700 less than we currently pay. Wooo. I hope this will allow us to start saving some to take to the table when we try to refinance in 2014. We are in Springfield, BTW. Anyone else?[/quote]
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