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If this is the case and Joe wants to bet that the housing prices will continue to rise, Joe gets an interest only ARM with a 7 year balloon.
by notyourday 9y ago
If this is the case and Joe wants to bet that the housing prices will continue to rise, Joe gets an interest only ARM with a 7 year balloon.
- gjjrfcbugxbhf 9y agoJoe is probably risk averse and more concerned with having a place to live in the future than taking on risk.
- notyourday 9y agoIn that case Joe is clueless and should stay in the same house he bought.