The Motley Fool Discussion Boards

Previous Page

Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/may-not-stay-in-the-house-beyond-4-5-more-30382847.aspx

Subject:  Re: Refi: 15-yr or 30-yr FRM? Date:  11/15/2012  12:09 PM
Author:  Watty56 Number:  124422 of 127811

..may not stay in the house beyond 4-5 more years,.....I'm not missing anything...


Variable rate loans if you will really be staying there a short time.

I refianance last year with PenFeds no closing cost 5/5 ARM that is now at 2.75% and it will be locked for five years.

https://www.penfed.org/55-Adjustable-Rate-Mortgage/


You might also consider if there is any chance that you might want to keep the house as a rental when you move. If so the longer loans might give you good positive cash flow.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us