id take that, if the cap holds, and PRAY that it doesnt go up. tw
On Fri, 21 Jan 2005 10:57:24 -0800, Sam <[EMAIL PROTECTED]> wrote: > I'm thinking of doing the 5/1 ARM, not the interest only one. 4.8% and > after 5 years can only go up 2% with a lifetime cap of 5%. Hoping to > refinance in a year or two to get rid of the PMI. Worst can happen is > it goes up to 9.8% in 8 years. I figure it'll save me $500 a month > with the chance of going up $1000 in 8 years. > > Any thoughts? > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:143832 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
