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Before I gave up on buying a house this year, I was considering an ARM. Why? Because it meant I could qualify for an extra $100k, which gave me a better chanc
by codefreeordie 4y ago
Before I gave up on buying a house this year, I was considering an ARM. Why? Because it meant I could qualify for an extra $100k, which gave me a better chance of being able to acquire a house.
It didn't matter whether an ARM was better or worse in the long run, it mattered that the ARM could get the house and the fixed rate could not.