Harry Gross: A rare opportunity to flex the ARM (Harry Gross)

March 2, 2009

Another great article by Harry Gross of the Philadelphia Inquirer.

Dear Harry: I know how you hate those ARMs (adjustable-rate mortgages), but I went for one five years ago, because I didn’t think my job assignment in New Jersey would last this long. It now appears that I will have at most another three years here and then be transferred back to St. Louis. Here’s the problem: Our ARM had a fixed rate of 5 percent for the first five years. Now it is about to ad…

Read the whole article

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: