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To: jjstingray who wrote (115062)	3/19/2005 1:16:47 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

a friend of mine that has a million dollar loan on his house that is variable and he has seen his payment go up 30% in the last 8 months. That must be something new - in this brave new world of ours. (Almost) every piece of RE I ever bought, I financed using adjustable loans, starting in 1979. But, as I recall, there always were caps on those (possible) increases - which also could be applied only once a year. Month to month adjustments, esp. with generous caps - or none at all - imo, would be just about certain to cause trouble.