Oy – good to know. State is Virginia – we’re moving out there shortly, intention is to rent for a while, but I also want to know what our options are as we start scoping out the local real estate.

The goal would certainly be a 30yr fixed, but that’s a pretty big gap between a 30 and 10yr arm when the numbers are that big. Regardless we’ll start targeting 25/30%, given your notes.

Do you generally only work in California, or do you ever do out of state loans?