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Michael T. Tangorre > -----Original Message----- > From: G [mailto:[EMAIL PROTECTED] > Sent: Friday, January 21, 2005 2:16 PM > To: CF-Community > Subject: Re: Interest Only Loans > > 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? > > > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:5:143852 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=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
