Posted on: 22nd Jul, 2011 09:37 pm
i am thinking 7/1 arm right now, but not sure if this is a good idea.
Without any of us knowing your circumstances, and the rationale behind your thinking, we really can't comment intelligently and try to guide you in either direction.
If you're convinced that a 7/1 arm is right for you, then go for it. I'm of the opinion that adjustable rates are no more scary today than they were when they were invented.
If you're convinced that a 7/1 arm is right for you, then go for it. I'm of the opinion that adjustable rates are no more scary today than they were when they were invented.
I meant to say "adjustable rate loans" are no more scary...forgive my faux pas.
What are your objectives? How long are you planing to keep the residence and how much are you looking to borrow?
