Quote:
Originally Posted by Erin  Yes but I'm trying to re-fi my ARM right now and I'm going to pay closing costs again.
I wish we'd just done the 30-yr fixed from the beginning. In the end it's not saving me any money. Three years of saving $100/month is going right back into closing costs for a new loan.........
Plus, what if your financial situation changes or interest rates go up? There's no point getting an ARM when rates are as low as they are unless you are SURE you will stay for less than 5 years. We thought we would be out of our townhouse by now but we have decided to stay... hence the re-fi. |
Yeah, thats understandable.. mine is set for 5 years, and i'm sure that I will be out before 5 years for sure.
I'm hopingg (hoping) that I will be married one of these days sooon, in the next few years, and no way we are staying in this condo for that long.. at least i dont think so.. oh well who knows..