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Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi:

 
 
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Old 12-14-2009, 09:10 AM   #12
Fly Rod
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Get ready for the next set of bank/ mortgage default loans that are known as "Option Arm Loans." With this type of loan the interest rate adjust monthly and payment adjust annually. The option is interest only and minimum payment usually less then the interest with the end results being a growing loan balance. This type of loan is known as pick your own loan payment.
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