3 ms·

I got a 10 year ARM back in march as it was 1.125% lower than a 30 year fixed. If I cannot get a good refinance in the first 7 years, I'll just focus on paying

by mrep 4y ago

I got a 10 year ARM back in march as it was 1.125% lower than a 30 year fixed. If I cannot get a good refinance in the first 7 years, I'll just focus on paying it off fully in the next 3. Worse comes to worse, I'm like 95% certain it will be worth at least what I paid for it in 10 years if I did need to sell it for any reason so I'm not worried at all.

lamontcg 4y ago
Your income/net worth is high enough to be like "I'll just pay it off in 3 years, no biggie". Not terribly typical.
- mrep 4y ago
  That and 7 years of savings between now and then but they asked why you would get one and that is one reason why.