Comments on: Why We Have an Adjustable Rate Mortgage http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/ finance. money. action. Fri, 20 Nov 2009 12:02:44 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Anecdotes and Advice from a First Time Home Buyer Part 9 - Closing Costs http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-3653 Anecdotes and Advice from a First Time Home Buyer Part 9 - Closing Costs Fri, 20 Jun 2008 09:01:27 +0000 http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-3653 [...] an open mortgage allows us to periodically make lump sum payments directly on the principal. A variable rate mortgage is essentially a gamble on the expectation of stable or declining lending rates. We feel reassured [...]

[...] an open mortgage allows us to periodically make lump sum payments directly on the principal. A variable rate mortgage is essentially a gamble on the expectation of stable or declining lending rates. We feel reassured [...]

]]> By: wilson http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-2937 wilson Mon, 12 May 2008 02:40:16 +0000 http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-2937 learn this learn this

]]> By: BeThisWay http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-1137 BeThisWay Sun, 02 Mar 2008 15:46:55 +0000 http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-1137 An excellent article. Like ARMs, there are many products out there that are manna from heaven for the savvy and at the same time poison for the uninformed and irresponsible. Good for you for being smart and understanding the product you bought. An excellent article. Like ARMs, there are many products out there that are manna from heaven for the savvy and at the same time poison for the uninformed and irresponsible. Good for you for being smart and understanding the product you bought.

]]> By: Dave http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-887 Dave Tue, 12 Feb 2008 02:26:34 +0000 http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-887 Don't know your rates, but I believe the student loans cease being tax deductible at a certain income level. I hope it's worth financing the home with the student loans versus a mortgage! Don’t know your rates, but I believe the student loans cease being tax deductible at a certain income level. I hope it’s worth financing the home with the student loans versus a mortgage!

]]> By: Smart Spending http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-812 Smart Spending Fri, 08 Feb 2008 00:48:29 +0000 http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-812 <strong>Why she loves her adjustable-rate mortgage...</strong> Some people got in over their heads when they used an adjustable-rate mortgage to buy their home. They simply can't afford the payments when the interest rate goes up. But not all ARMs are created equal, says Madison at My Dollar Plan. For some people...

Why she loves her adjustable-rate mortgage…

Some people got in over their heads when they used an adjustable-rate mortgage to buy their home. They simply can’t afford the payments when the interest rate goes up. But not all ARMs are created equal, says Madison at My Dollar Plan. For some people…

]]> By: Dawn http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-754 Dawn Sun, 03 Feb 2008 16:10:02 +0000 http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-754 I too am in the same boat as you. We have an ARM at 3.375, with fixed adjustments and a cap on the lifetime high it can go. We never thought we would be in our house for 5 years but we are slowly creaping up on it. I hasn't made sense to refi before now because our rate was so low. I agree that these are a good product but not when the are used abusivly. Everyone thinks we have a subprime loan because we have an ARM, and the truth is all ARMs are not created equally. They surely have gotten a bad wrap in the last few years. I too am in the same boat as you. We have an ARM at 3.375, with fixed adjustments and a cap on the lifetime high it can go. We never thought we would be in our house for 5 years but we are slowly creaping up on it. I hasn’t made sense to refi before now because our rate was so low.

I agree that these are a good product but not when the are used abusivly. Everyone thinks we have a subprime loan because we have an ARM, and the truth is all ARMs are not created equally. They surely have gotten a bad wrap in the last few years.

]]> By: Sunday Morning Link Love: Homeowners Edition | I've Paid For This Twice Already... http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-752 Sunday Morning Link Love: Homeowners Edition | I've Paid For This Twice Already... Sun, 03 Feb 2008 14:07:04 +0000 http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-752 [...] Why We Have an Adjustable Rate Mortgage @ My Dollar Plan [...]

[...] Why We Have an Adjustable Rate Mortgage @ My Dollar Plan [...]

]]> By: Real estate, foreclosures, mortgages, and other things that go bump in the night | The Dough Roller http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-751 Real estate, foreclosures, mortgages, and other things that go bump in the night | The Dough Roller Sun, 03 Feb 2008 11:44:40 +0000 http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-751 [...] Why We Have an Adjustable Rate Mortgage @ My Dollar Plan [...]

[...] Why We Have an Adjustable Rate Mortgage @ My Dollar Plan [...]

]]> By: January Roundup http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-744 January Roundup Sat, 02 Feb 2008 18:27:59 +0000 http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-744 [...] Dollar Plan - Why We Have an Adjustable Rate Mortgage. ARMs are not always a bad type of mortgage if you know what you are looking for and understand the [...]

[...] Dollar Plan – Why We Have an Adjustable Rate Mortgage. ARMs are not always a bad type of mortgage if you know what you are looking for and understand the [...]

]]> By: Saturday Roundup - Jan 26th, 2008 - The Time Travel edition | Credit Withdrawal - Helping You Kick the Credit Habit http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-743 Saturday Roundup - Jan 26th, 2008 - The Time Travel edition | Credit Withdrawal - Helping You Kick the Credit Habit Sat, 02 Feb 2008 16:03:08 +0000 http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-743 [...] Why We Have an Adjustable Rate Mortgage @ My Dollar Plan [...]

[...] Why We Have an Adjustable Rate Mortgage @ My Dollar Plan [...]

]]> By: Saturday Weigh-In and Links | Quest For Four Pillars http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-738 Saturday Weigh-In and Links | Quest For Four Pillars Sat, 02 Feb 2008 12:12:47 +0000 http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-738 [...] Dollar Plan (yes, the one with 181 financial accounts) tells us a very unusual story of how she has an adjustable rate mortgage (ARM) and not only is she happy with it - she doesn’t blame her mortgage broker, the [...]

[...] Dollar Plan (yes, the one with 181 financial accounts) tells us a very unusual story of how she has an adjustable rate mortgage (ARM) and not only is she happy with it – she doesn’t blame her mortgage broker, the [...]

]]> By: Great advice for buying a home! | rocket finance http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-737 Great advice for buying a home! | rocket finance Sat, 02 Feb 2008 12:04:48 +0000 http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-737 [...] Feb 1, 2008: Adjustable Rate Mortgages: The Benefits | My Dollar Plan [...]

[...] Feb 1, 2008: Adjustable Rate Mortgages: The Benefits | My Dollar Plan [...]

]]> By: final word on foreclosures | plonkee money http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-734 final word on foreclosures | plonkee money Sat, 02 Feb 2008 07:11:45 +0000 http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-734 [...] Why We Have an Adjustable Rate Mortgage @ My Dollar Plan [...]

[...] Why We Have an Adjustable Rate Mortgage @ My Dollar Plan [...]

]]> By: How to Avoid Foreclosure - The Definitive Guide | Credit Withdrawal - Helping You Kick the Credit Habit http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-732 How to Avoid Foreclosure - The Definitive Guide | Credit Withdrawal - Helping You Kick the Credit Habit Fri, 01 Feb 2008 22:08:53 +0000 http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-732 [...] Why We Have an Adjustable Rate Mortgage @ My Dollar Plan [...]

[...] Why We Have an Adjustable Rate Mortgage @ My Dollar Plan [...]

]]> By: My Thoughts On This Whole Mortgage Crisis And Why I Don’t Feel That Bad. | My Two Dollars http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-729 My Thoughts On This Whole Mortgage Crisis And Why I Don’t Feel That Bad. | My Two Dollars Fri, 01 Feb 2008 16:45:00 +0000 http://www.mydollarplan.com/why-we-have-an-adjustable-rate-mortgage/#comment-729 [...] Why We Have an Adjustable Rate Mortgage @ My Dollar Plan [...]

[...] Why We Have an Adjustable Rate Mortgage @ My Dollar Plan [...]

]]>