mine is going adjustable in Feb or March and I was kind of worried about getting bent over as I can't re-fi as I'm upside down. talked to my bank and the majority of the ARMs are readjusting down in the 3s right now. so I might be paying less for the next year, and the following year it can only go up 2% from that rate. so thankfully its not as bad as I was expecting thankfully.

 

Our ARM went from 5.0 to 3.8 in November. Rates are low as balls right now.

 

Thats what they tell you now

 

you said thankfully twice in one sentence. That's awkward.

 

I know horrible grammer, but yes I'm that thankful:yay:

 

no ARM here ... fixed rate personal loan at 3.5

 

2 arms here. thinking about getting a third.

 

:lmao:

 

beat me to it. lol

 

:rofl: :tsk:

You brought up a interesting subject
I have an adjustable rate mortgage with bank of America
700+ credit score on time payment
and those bastards wont refinance me(they will but they were trying to give us 6 1/2 percent:lmao
Lady basically told me we had to miss some payments for us to get help:wtf:
Right now my payment is super low,so we have been doubling up on the payments and paying down the Principal.
A brotha got some equity now!

:madfawk:Bank of America