Not us... we're on 30 year fixed.. they tried to stick us with an 80 / 20 balloon arm loan when we bought (3/06) and I said "nothin doin'"!!
I had a friend last year, however, who's ARM increased right after we bought ours - her payments went up over 200$ per month - unfortunately she was pregnant, just bought a new car, and was about to quit her job.
whew.
I had a friend last year, however, who's ARM increased right after we bought ours - her payments went up over 200$ per month - unfortunately she was pregnant, just bought a new car, and was about to quit her job.
whew.
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