Flipx99
5,000+ posts
Violator of Terms
Well, here's what will happen.Too bad there isnt a stimulus package for broke twenty year olds.
If I can get out of this ARM, especially at 4%, I will have more free cash flow and able to take higher risk. A $800/mo mortgage gets cut down to $500...that/s $300 extra per month I can spend. If enough people do it, they will need to hire someone...someone like you.
Now, because I am in an ARM, I have to hoard more cash than usual because of the risks.