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  • February 17, 2008 at 8:57 PM in reply to: Advice on my 5/1 ARM Reset #154671
    rbresident
    Participant

    I am in the same boat as Rolypoly. That is my current 5/1 Arm rate is 4.25% and is due to reset next year to 6.25%. My Loan-to-value is about 60% and I can afford the payment once it resets. I am considering getting a 30 years fixed with money out so that I can take advantage of the downturn in a few years. (You need some cash to do that, right?). I am not in a hurry to do anything right now since I got a full year to consider my option. Any suggestion. Is my plan stupid?

    February 17, 2008 at 8:57 PM in reply to: Advice on my 5/1 ARM Reset #155049
    rbresident
    Participant

    I am in the same boat as Rolypoly. That is my current 5/1 Arm rate is 4.25% and is due to reset next year to 6.25%. My Loan-to-value is about 60% and I can afford the payment once it resets. I am considering getting a 30 years fixed with money out so that I can take advantage of the downturn in a few years. (You need some cash to do that, right?). I am not in a hurry to do anything right now since I got a full year to consider my option. Any suggestion. Is my plan stupid?

    February 17, 2008 at 8:57 PM in reply to: Advice on my 5/1 ARM Reset #154971
    rbresident
    Participant

    I am in the same boat as Rolypoly. That is my current 5/1 Arm rate is 4.25% and is due to reset next year to 6.25%. My Loan-to-value is about 60% and I can afford the payment once it resets. I am considering getting a 30 years fixed with money out so that I can take advantage of the downturn in a few years. (You need some cash to do that, right?). I am not in a hurry to do anything right now since I got a full year to consider my option. Any suggestion. Is my plan stupid?

    February 17, 2008 at 8:57 PM in reply to: Advice on my 5/1 ARM Reset #154957
    rbresident
    Participant

    I am in the same boat as Rolypoly. That is my current 5/1 Arm rate is 4.25% and is due to reset next year to 6.25%. My Loan-to-value is about 60% and I can afford the payment once it resets. I am considering getting a 30 years fixed with money out so that I can take advantage of the downturn in a few years. (You need some cash to do that, right?). I am not in a hurry to do anything right now since I got a full year to consider my option. Any suggestion. Is my plan stupid?

    February 17, 2008 at 8:57 PM in reply to: Advice on my 5/1 ARM Reset #154948
    rbresident
    Participant

    I am in the same boat as Rolypoly. That is my current 5/1 Arm rate is 4.25% and is due to reset next year to 6.25%. My Loan-to-value is about 60% and I can afford the payment once it resets. I am considering getting a 30 years fixed with money out so that I can take advantage of the downturn in a few years. (You need some cash to do that, right?). I am not in a hurry to do anything right now since I got a full year to consider my option. Any suggestion. Is my plan stupid?

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Viewing 5 posts - 16 through 20 (of 20 total)
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