Is it worse to have a 5 year ARM loan than a fixed loan rate?Help, I am about to close on a house.?
January 23rd, 2010 by Lenny
We plan to move in 3 years.
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What is the difference in the rate you’ve been offered for the ARM than the 30 year fixed rate? The five year ARM means your rate will be fixed for five years so it should not be an issue if you know that you will definitely be moving in three.