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Jaffaa
Mudiripoyina Bewarse
Username: Jaffaa

Post Number: 23646
Registered: 03-2008
Posted From: 204.14.239.58

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Votes: 0

Posted on Thursday, March 16, 2017 - 6:27 pm:   


Kubang:

If you decided to go on ARM type mortgage; what are the rates for a 5 year and 7 year terms? I mean fixed interest rate, am assuming that the lender will not be able to change the rate in that 5 or 7 year period.




guruji rough ga 3.25 to 3.5 andhi banker for 7/1 ARM

esccuseme bro:

"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. "

yeah this is my thought process too

"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.
"

what are caps? and lifetime max eemiti, eedhanna links vunte padeyyandi chosthaanu....

5/1 iithe after 5 years definite gaa refinance cheyyali kadhaa....how are we stuck on it?

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