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Bringing Down the House
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<blockquote data-quote="mthbstr8" data-source="post: 416874" data-attributes="member: 16849"><p>About 5 years ago I refinanced my house for a low rate, fixed mortage. It saved me a bundle ($200 less per month with a payoff date of 10 years sooner). </p><p> </p><p>My sister-in-law and everybody else went in about the same time and got a new type of mortgage, called an ARM. She's been paying and arm and a leg ever since.</p></blockquote><p></p>
[QUOTE="mthbstr8, post: 416874, member: 16849"] About 5 years ago I refinanced my house for a low rate, fixed mortage. It saved me a bundle ($200 less per month with a payoff date of 10 years sooner). My sister-in-law and everybody else went in about the same time and got a new type of mortgage, called an ARM. She's been paying and arm and a leg ever since. [/QUOTE]
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