That's not bad....but you know its going to go up, so plan on that. Out of curiousity, what is the current rate for a standard 30 fixed? Just a few years ago I could of gotten 5.5%. With my 15 year I got 5.25% fixed, which i dig. What's the current climate for a 30 year fixed?
> 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? > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how to get a fax number that sends and receives faxes using your current email address http://www.houseoffusion.com/banners/view.cfm?bannerid=64 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:143845 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
