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Author Message   Esscuseme Kurra Bewarse Username: Esscuseme Post Number: 1245 Registered: 03-2005 Posted From: 104.183.243.230 Rating: N/A Votes: 0 Posted on Thursday, March 16, 2017 - 6:05 pm:    ARM or Fixed depends on how long you plan to stay in the home. If this is your first home or starter home, I am sure you will want to sell and buy next home in 5-7 years. If thats the case then 5/1 would make sense. Given the recent interest hike, keep in mind they will be in upward trajectory from now on. Atleast there will be one more FOMC meeting this year with interest rake hike. If you plan to go with ARM, make sure what the + or - caps are and life time max, just in case you are stuck with 5/1 even after the five year period. HTH, hit me up with any further questions. good luck.