Quote:
Originally Posted by Murlo26
Talking with my mortgage guy the lowest you can get now is low 4% region.
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4% is still insanely low. Ask your parents what their first home loan looked like, I bet they'd say something like 20-30%.
I would not trade a fixed 5% range loan for a ARM that temporarily gets you 3%. Like someone else said, you have no idea what will happen. I planned to not own my townhouse anymore, but guess what the market crashed and I went upside down on it, so couldn't sell it and just rent it out now. It'd really suck if every year my interest could be increased on me.
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