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Real Estate
Reply to "Buying again after short sale"
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[quote=Anonymous][quote]RUUUUUUUUUUN from that offer! 4% on an ARM is TERRIBLE. You want a FIXED rate loan, 4%. If you don't get that in 5 years the interest rates could sky rocket (very likely given what's going on here and in Europe) and you'd be up a creek x 2. [/quote] OP is 14 months out from a short sale, so she doesn't have perfect credit. That's how she thinks 4% on an ARM is great. And ARMS today have rate caps, so nothing will be skyrocketing.[/quote]
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