Generational Dynamics Forum - New Site

Thanks for the input guys. I'll give you a little update. I did end up doing the loan, and here is my reasoning. I'm locked in at 4.5% for 5 years. After that it can go up no more than 2% per year or a maximum of 5% over the life of the loan which is ammortized like a standard 30 year loan. Basicall...

Hey Guys, I'm a longtime follower of this board and I'm looking for some advice. I think some of the insight I read here is better than anyplace else. I'm seriously considering getting a 5 year ARM loan for around 4.5%. I'm in a 30 year fixed at 6% right now. I know these ARMS have gotten a bad name...