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Knoxville · 08-15-2013

Never have I ever been interested in an ARM. My brother had an ARM on his first mortgage and the minute they could increase the rate, they did increase the rate big time. He refinanced that very week and got locked into a fixed rate.

I concur with Halon, rates are virtually as low as we'll ever see them in our lifetime, lock it up while you can.

08-15-2013	#3
Knoxville Join Date: Oct 2010 Location: Champlin Drives: 09 G8 GT Posts: 153	Re: Refinance - ARM? Thoughts.... Never have I ever been interested in an ARM. My brother had an ARM on his first mortgage and the minute they could increase the rate, they did increase the rate big time. He refinanced that very week and got locked into a fixed rate. I concur with Halon, rates are virtually as low as we'll ever see them in our lifetime, lock it up while you can. __________________ 2009 G8 GT