# Mortgage Question

**URL:** <https://forums.speedlife.net/t/mortgage-question/187146>\
**Category:** PittSpeed Off Topic\
**Created:** [January 1, 2007, 6:58pm UTC](https://forums.speedlife.net/t/mortgage-question/187146 "2007-01-01T18:58:48Z")\
**Posts on this page:** 1\
**Showing post:** 19

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**Author:** ![beat90tsi](https://avatars.discourse-cdn.com/v4/letter/b/43a26b/32.png) [@beat90tsi](https://forums.speedlife.net/u/beat90tsi)\
**Post date:** [January 2, 2007, 1:49pm UTC](https://forums.speedlife.net/t/mortgage-question/187146/19 "2007-01-02T13:49:14Z")

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> [@talk about a punch in the stomach](https://forums.speedlife.net/t/talk-about-a-punch-in-the-stomach/26974/48):
>
> 1 thing i can definitely recommend…stay away from adjustable rate mortgages

You make many good points, but not all ARMs are bad. When I was at Dollar I did commercial loans, but I know we had a residential product that was fixed for 5 years, and had no penalties to refinance. The rate was lower than any fixed rate loan, that was a really good deal. So even some ARMs can be ok.

Just make sure you understand everything before you put a penny on the line. Do not be rushed into anything…you will most certainly regret it.

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