anyone oout there doing 80% option arms in n Carolina?

Some said they were getting into mortagage payment trouble(ARM reset).

i assume you're single - KEEP IT THAT WAY for a few years.buying a personal home low and fixing and selling (in my opinion) is a great way to start out.it makes financial sense and is low risk asset protection wise...u buy in your name - get a 10 year arm - some nice interest only loan for 10 YEARS (see a mortgage broker) and be out of there in just over 2 years...if you can't sell it right away - you've got 8 years to move it.make renovations nice and stream-lined.

REALTOOLS is a great option for a smaller operation:- Unlimited Properties (Single & Multi-unit)- Tenants with Contacts and Incidents- Leases (including section 8 and Lease Options)- Mortgages (Fixed rate, ARM, Interest Only, Prepayments)- Work Orders with History- Great customer support (I've had questions usually answered in a day)- etc. etc. etc.

More ARM's are about to launch people from their homes.

In addition, Bed and Breakfast's have become a Hot Button in several areas, notably North Shore and Kailua, where the neighbors are up in arms over "all the traffic and noisy tourists".

Or, you had an option ARM that you were making minimum payments and you've now hit your cap.If you have not already, you should call your mortgage company tonight or tomorrow and have a talk with them about working something out.

That seems like a stretch, but again, I'm no lawyer.Now, I have heard things proposed, like raising the price and getting cash back from the seller, that are explicitly disallowed.

Many homeowners are losing their house due to the fact that they did not understand an Option ARM!

I am curious due to the fact that my dad is a military man himself... he has three honorable discharges in the navy, arm, & national gaurd.