The only people who say that are ARM proponents who claim that ARM opponents are saying that.I don't agree with that. I do think that for folks who do not understand how to manage their risk or for folks who are very risk averse a FRM is the best choice. It's all about controlling your risk. A 30yr FRM rate and payment stays the same for 30 years. No matter what, you never have to pay more.I agree.It's the right product for folks who think like this. It's not a question of wrong or right, the loan that allows one to sleep at night is the right loan product for that individual.
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