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7 Year ARM vs 30 yr Fixed Scenario
7 Year ARM vs 30 yr Fixed Scenario Going back and forth on this but seems like the ARM option makes a lot of sense for this scenario. Let me know thoughts: $625k purchase price, 15% down
30 Year Fixed @ 6.875% Mortgage payment increase of $303/month = $3,636/year vs ARM Ability to refinance at any point without “losing out” on the points buy down. Best guess is we’re in the hous...
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