Refinance your Adjustable Rate Mortgage (ARM) now!

You’ll Be Sooorrrryyy. 

Nothing sells something faster than striking fear into the consumers hearts. 

They’ll make fun of you at school wearing that.

Your compact car isn’t safe as long as SUV’s are on the road.

Your computer will not be able to run the new Windows Vista Operating system.

The many media outlets love to make you shiver with the cold thought that you are unattractive, unprepared, undereducated, and about to lose all your money. 

What you say?…”Shouldn’t I fear losing my money?”

Of course you should but let’s be reasonable.  First of all, don’t believe the hype.  I got a letter from my lender today letting me know that rates are going sky high and I should lock in to a fixed rate now.  Assuming my lender has my best interest at heart, I should move forward with this quickly.  But I ask myself,  “Self?, Remember when the lender was charging you all those silly little fees to process your loan just so they could lend you their money which they charge you interest on?” 

Come to think of it, why would a lender be trying to convice you that your ARM was going up.  I understand why the starving mortgage brokers out there would do this but not lenders.  Unless of course the lenders themselves felt rates were going to go down and wanted to lock me in now to a fixed rate.   Hmm..

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