quick question - my family is moving in a few months and I am exploring doing a 5/1 ARM. We have one for our current house, because we knew we would be here < 5 years.
This time, I expect to be in the house for 15+, but the interest savings (1.25% for a Standard, 1.12% for a Jumbo) seems so significant, that I think I should still go with the ARM option.
I know it caps at 7.75% after 5 years.
What does the bunker recommend?
This time, I expect to be in the house for 15+, but the interest savings (1.25% for a Standard, 1.12% for a Jumbo) seems so significant, that I think I should still go with the ARM option.
I know it caps at 7.75% after 5 years.
What does the bunker recommend?
