Question about financing!!! - Posted by EJ

import · September 17, 2004, 7:19pm

Posted by EJ on September 17, 2004 at 20:23:24:

thank you …really appreciate it. I thought i put us in a bind for a sec. Thanks again Ed!!

import · September 17, 2004, 7:19pm

Posted by EJ on September 17, 2004 at 19:19:50:

I’ll get right to the point. My wife and I just recently purchased a primary resident. We got a fixed 7year ARM. When we did it, I had in my mind that we werent going to be there forever thats why we did it. My question is, does it make a difference b/w that particular financing and a regular 30 year fixed.

import · September 17, 2004, 7:46pm

Re: Question about financing!!! - Posted by Ed

Posted by Ed on September 17, 2004 at 19:46:39:

After the 7 years at the fixed rate it will now be an adjustable rate and no loger may be at 7%…So I wouldn’t worry if you dont plan on staying there long…If you do end up staying there I would just refinance before the 7th year is up.