Sep 28, 2022
8:59:10am
8:59:10am
It was a 7 year ARM, our original rate was like 4.75%, we refinanced down to
3.375% which didn't seem like a huge drop, but getting out of the ARM felt worth it to me. I guess I was also hesitant because I didn't/don't know how long we will stay in the house so I wasn't sure if we would recoup closing costs. So far we are still there and I am happy we did it.
The reason why we ended up with one was because I think it was the only way we could qualify for a loan with 0% down. We were just out of medical school and wanted to buy a house, but obviously not enough money for a down payment, so we ended up an ARM.
The reason why we ended up with one was because I think it was the only way we could qualify for a loan with 0% down. We were just out of medical school and wanted to buy a house, but obviously not enough money for a down payment, so we ended up an ARM.
Originally posted on Sep 28, 2022 at 8:59:10am
Message modified by TO11 on Sep 28, 2022 at 8:59:38am
Message modified by TO11 on Sep 28, 2022 at 9:10:25am
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Last December my bank offered me a promo on my Home Equity. Use the advance checks and get 1.49% for 12 months.
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