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Originally Posted by David Merrill
I think your post was quite helpful. Your point of view is appreciated.
My concern is that your brother is among an expected flurry of foreclosures set to happen in 2007.
Regards,
David Merrill.
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You are absolutelly right on the money. Adjustable rate in the long will drain your pocket book and wind up in foreclosure. The more you refinance the mortgage the more your equity is diminishing return.