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Author: wasmick Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127237  
Subject: Re: Thoughts on keeping 30 year FRM Date: 4/3/2013 6:00 PM
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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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