Tag Archives: homes

The Adjustable Rate Mortgage

My 3/1 ARM adjusted for the first time.  Yes, I am still going to try and get a loan mod so I can get this monster fixed, but the news for this year is very good.

My rate adjusted down 1.75%.  It will stay at it’s new lower rate for the next year, and it will save me $375 per month.  I’m thrilled!

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