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Old 08-15-2013   #6
Murlo26
 
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Join Date: Dec 2009
Location: Lino Lakes
Drives: 17 Honda Accord
Posts: 4,041
Re: Refinance - ARM? Thoughts....

Quote:
Originally Posted by A//// Guy View Post
ARM is bad.
Care to elaborate.

I am bored at work so I started the topic but just saying it is bad with nothing to back it up doesn't help the cause.

MOAR details please

I always assumed this was bad too but like I said, they wouldn't have something exist if it never made sense unless its for suckers type of deal, who knows.

I still plan to do a fixed rate but I want to look at options if they make sense. Maybe this doesn't but i don't just want to ignore it because I don't understand it.
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