A couple of months after I retired out of the Army.

Since last year, and accelerating in aggressiveness this year, the Health and Hospital Dept has dispatched a veritable army of pawns to raise money for the county.

I own the house free and clear(the house is a double with 2 addresses ex. 500 / 502 oak st.)I plan to fix the house and rent it out, also I want to hold onto it for awhile.Yes there is a cap of 10.5% and it says my monthly payment cant exceed $691 which could potentially eat into my profit after 5 years.Earlier today I spoke with the bank and the ARM is going to be removed.Question would a loan of $76000 for 30 years fixed at 4.5% be a good deal?

I have owned the property since 2008 and dont have cash on hand for repairs but can get a loan for the $13k.I talked to the bank and the 5/1 ARM is being removed for a fixed rate at 4.5% for $76,000 for 30 years.should i tell them to take out the ecrow account for the insurance?

This condo, and some are, is NOT on indian land (in which you don't own the dirt but lease it).

I am relieved that an army of NY investors will not descend on Dayton any time soon.

You can also look at the floor rate, what the rate would go down to if the index rates fall.What the ARM is indexed to also makes a difference, if it says Pime Rate, on the date of the making of the note, that can be pretty volitile, if it is an index like LIBOR, the London Inter-Bank Offer Rate that is pretty stable as is the Fed Fund Districts rates.The time you expect to hold the property plays a role, if you are going to sell before the ARM rate can adjust past the current fixed rate to average the fixed rate, the ARM is a choice for the up front cash flow, but really that won't be alot.

I have been in the Army going on 18 years this August and I am currently deployed in Afghanistan.

Started the refinance process on my personal residence that will lower my payment from 600 to 450 a month.Also, my wife decided she is going to work for a while instead of going directly to graduate school.In addition, between my wife's Army Reserve resign bonus and work, we have made some strides in saving cash over the last few months.Now we can convert our home into a profitable residence and we can upgrade to a better house in a better neighborhood.

I was in the Army in an aviation unit.