MitsuStyle - View Single Post - Refinance

93gtpeater · 08-15-2013

I would go with a fixed rate. I would hate to have the interests rates jump back up and have to pay 9% on your loan. 3% is awesome but if your locked in till you pay off the loan. Do you plan on paying off the house early?

Didn't the housing market go belly up because of the flex rate loans?

08-15-2013	#13
93gtpeater Join Date: Apr 2008 Location: stillwater Drives: cbr 1000rr repsol Posts: 1,451	Re: Refinance - ARM? Thoughts.... I would go with a fixed rate. I would hate to have the interests rates jump back up and have to pay 9% on your loan. 3% is awesome but if your locked in till you pay off the loan. Do you plan on paying off the house early? Didn't the housing market go belly up because of the flex rate loans?