Total Serious Happy Thread

Andrew · 06-27-2009, 06:55 PM

Got a letter from our mortgage lender reminding us that our 5/1 ARM is about to readjust. I've been putting off dealing with it so I figured okay, this is a good incentive because the letter will tell me how high the new rate and payment will be.

It's going down. Two full points down! A bit over $350/month lower payment! It'll stay at this rate for another year and then adjust again, and based on recent news it looks like rates will continue to stay low low low for quite some time to come.

Needless to say, I'm pleased.

06-27-2009, 06:55 PM	#1
Andrew Making Good Girls Go Bad Join Date: Jun 2006 Location: Palo Alto, CA Posts: 734	Got a letter from our mortgage lender reminding us that our 5/1 ARM is about to readjust. I've been putting off dealing with it so I figured okay, this is a good incentive because the letter will tell me how high the new rate and payment will be. It's going down. Two full points down! A bit over $350/month lower payment! It'll stay at this rate for another year and then adjust again, and based on recent news it looks like rates will continue to stay low low low for quite some time to come. Needless to say, I'm pleased. __________________ -- Andrew Just Andrew. Do I contradict myself? Very well then, I contradict myself. (I am large, I contain multitudes.) -- Walt Whitman, "Song of Myself"
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