Unlike most people, I love ARMs, or adjustable-rate mortgages. Adjustable-rate mortgages have helped me save over $300,000 in mortgage interest expense since 2005 compared to if I had taken out 30-year fixed-rate mortgages. Despite all the fear, uncertainty, and doubt surrounding ARMs, they have been one of the most powerful wealth-building tools in my financial […]
The post Why Letting an ARM Reset Can Be Smarter Than Refinancing appeared first on Financial Samurai.
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