If You Have Good Credit And Some Equity You Can Get Out Of That ARM
Off of Tinas Blog: Home-
We re-fied the house and we are saving ourselves a small sack of gold every month now. It is a huge relief for both Aaron and I. Adjustable mortgages are EVIL!
The lesson: Equity is a big deal. The suggestion: Obtain an amortization chart - look at how much it would take to make an extra principal payment. Make as many extra principle payments as you can each month. Place this as a priority.
Equity is good.
