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hegemony

Adjustable-rate mortgages are making a comeback. (soft paywall)

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Every ARM I have ever had was the right decision. 

 

On the first one I did, the rate only ever adjusted downward.

 

On the most recent one, we are still skating along at 1.74% for a few more months.  It will adjust to 3.74% this summer, but we are dumping in a sizable additional principal payment immediately before this happens, and the loan will be fully repaid before the next possible adjustment date.

 

This is called planning.  A lot of people who got burned by an ARM in the past have no real relationship with that concept.

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Yep, a tool is just a tool.  It can be put to good use, or wildly abused ...

 

< my wife has a meat tenderizer that looks pretty much like "Thor's Hammer".  I'm inclined to see that its not easily found when she's feeling "edgy" ... >

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13 minutes ago, hdporter said:

Yep, a tool is just a tool.  It can be put to good use, or wildly abused ...

 

< my wife has a meat tenderizer that looks pretty much like "Thor's Hammer".  I'm inclined to see that its not easily found when she's feeling "edgy" ... >

bHlDYfL.jpg

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ARMs never went away! Payment Option ARM did mostly but not regular ARMs. Very different vehicles with similar names.

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