Thread: "underwater" mortgages
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Old 04-01-2010, 10:47 AM   #26
Spexxvet
Makes some feel uncomfortable
 
Join Date: Dec 2005
Posts: 10,346
Quote:
Originally Posted by classicman View Post
Some/many of the underwater mortgages are because they were ARM's where the payments were lower in the beginning and then increased as time went on. ...
I would never ever never ever never do an ARM
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