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Reply to "does it make sesne to consider a 5/1 ARM?"
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[quote=Anonymous][quote=Anonymous]We did 5 year arm and our rate dropped every year after the expiration. It's been great [/quote] Same here, although we did a 3 year and we purchased almost 8 years ago. We just refinanced last year with a 7 year ARM, but we know that we will either be selling or do a significant addition through financing in the near term. If it weren't for these unique factors, we would've locked in at the low rates. [/quote]
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