03:55AM | 09/15/04
Member Since: 09/14/04
3 lifetime posts
We bought the house about a yr. ago and have 2 yrs. left on a 3 yr.ARM @ 4.25%. The question is: Do I shop for a fixed loan now while percents are still low or ride it out and start a new loan after this one ends?

Next: We will be getting some inheritance $ soon, maybe 50K so do I put it towards the principle now or wait until a refinance or new loan begins to add it?


10:59AM | 09/16/04
Member Since: 09/14/04
3 lifetime posts
Hopefully 30-40 years.


08:19AM | 09/17/04
Member Since: 09/14/04
3 lifetime posts
Thanks, and the 3yr. ARM is based on 30 yrs. I heard also from a another that if you can relax in the long term an ARM will save you money, but you got to admit if at the end of my 3 yrs. and there is a fixed at 4.25% (like my current ARM)it would be tempting to lock it in. How's that work anyway, if at the end of the 3 yrs. I get another ARM or even a fixed is it now based on 27 yrs?


Post a reply as Anonymous

Photo must be in JPG, GIF or PNG format and less than 5MB.



Post_new_button or Login_button

A new backsplash is a great example of a stand-alone cosmetic project that can dramatically transform a space. Fireclay Ti... Filling an underutilized area beneath the stairs is a smart way to save space. Doing so with a stash of wood, however, is ... The Audubon Society inspired wallpaper in this Adirondack-styled entryway will get you in the outdoor mood. Grab your coat... Chalkboard paint opens up endless possibilities for customizing your dresser time and time again. Use chalk to label the c... A fireplace in the bathroom creates the ultimate setting for relaxation. Homeowners often choose electric or gas over wood... Yes, a freestanding garage can become its own tiny house. Artist Michelle de la Vega has all the comforts of a modern resi... There’s nothing like a new set of cabinet hardware to refresh a room. The possibilities are endless: Go modern, rustic, or... A kitchen in a greenhouse—who wouldn't enjoy spending time in this light-filled space? Details that enhance the conservato... Chalkboard paint features prominently in this elegant yet unpretentious headboard design. Add a new message daily to reflec... Twine lanterns add pops of crafty—but sophisticated—flair to any outdoor setting. Wrap glue-soaked twine around a balloon ... The indecisive homeowner need not fret over choosing one (or even two) cabinet colors. The kitchen cabinets in this artist... Incorporate nature into your lighting scheme by securing a dead tree in a concrete mold and draping your pendant lamp from... Simple and striking, a couple of pieces of "lovingly used" furniture creates a special kind of charm. A weathered chair fo... The Infinite Artisan Fire Bowl from Eldorado Outdoor is made from glass-fiber reinforced concrete, and offered in Oak Barr... The vibrant green of Granny Smith apples make a beautifully natural alternative to the traditional evergreen wreath. Brigh...
Newsletter_icon Google_plus Facebook Twitter Pinterest Youtube Rss_icon