MitsuStyle - View Single Post - Refinance

93gtpeater · 08-15-2013

If you got a ARM lock in for 3-4% for ten years you should do that. You could easily pay off your house in 10 years. Only if you stop blowing money on evo. Murlo stick with a fixed rate.

Question about the ARM. If you lock in at 3% for 5 years. After 5 years it COULD go up by 2% every year. Is their a cap on how much it can go up? 5yr 3% 6yr 5% 7yr 7% 8yr 9%. Can it keep going?

08-15-2013	#15
93gtpeater Join Date: Apr 2008 Location: stillwater Drives: cbr 1000rr repsol Posts: 1,451	Re: Refinance - ARM? Thoughts.... If you got a ARM lock in for 3-4% for ten years you should do that. You could easily pay off your house in 10 years. Only if you stop blowing money on evo. Murlo stick with a fixed rate. Question about the ARM. If you lock in at 3% for 5 years. After 5 years it COULD go up by 2% every year. Is their a cap on how much it can go up? 5yr 3% 6yr 5% 7yr 7% 8yr 9%. Can it keep going?