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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (18847)3/23/2004 1:04:51 PM
From: TheStockFairyRead Replies (1) | Respond to of 306849
 
simple question because I'm simply an idiot. If you get a 3 year arm, when do they adjust the rates? After 3 years or is it annually?



To: Tommaso who wrote (18847)3/23/2004 1:19:26 PM
From: BWACRead Replies (1) | Respond to of 306849
 
<While many people in the United States actually own houses free and clear,>

No one in the US owns their house free and clear. The government expects a huge Property Tax payment every year. The government holds a perpetual mortgage on it.


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