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Real Estate
Reply to "What I don't get: When people complain that they are drowning because their house is underwater"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Because most of the people that took out starter home loans for 5 year arms planed to only be in the home for five years or less[/quote] That was us - we were young and naive, I'll admit it, but it was supposed to be our 3-4 year home... 5 tops. Unfortunately, could never refinance and have seriously outgrown the place now that kids are in the picture (condo)... but we just got our notice in the mail that our ARM will be resetting soon. [/quote] the good news is that your rate may actually fall.[/quote]
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