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Reply to "Divorce, refinancing gut check"
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[quote=Anonymous][quote=Anonymous]The ARM sounds like a decent choice, OP. Your net increase, if I'm reading correctly, is $1200/month or $14.4K per year. What's the house worth, and do you think it will continue to appreciate 10-20K per year? Could you change jobs and get a raise to cover that difference? You can also refinance if/when rates fall. In 5 years when the ARM resets your life will probably look different, kids will be older, you may have different priorities, you may have a different job.[b] It's a risk but I'd do that before moving. A move will cost you thousands no matter what[/b]. [/quote] +1[/quote]
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