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re: 5 year ARM 6% or 30 year loan for 6.875?
Posted on 3/16/23 at 6:31 pm to LSUGUMBO
Posted on 3/16/23 at 6:31 pm to LSUGUMBO
Adjusted to what the bank has the interest rate for a 5 year ARM at that time. Could stay at 6, could go down, could go up. That’s my dilemma, do I want to chance it coming down eventually or will it bite me and go way up?
1
Posted on 3/16/23 at 6:44 pm to shoelessjoe
30 year. If it goes down, refinance. If it goes up, you’re safe.
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