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Personal Finances / Buying or Selling a Home
|Subject: Re: Refi: 15-yr or 30-yr FRM?||Date: 11/15/2012 12:09 PM|
|Author: Watty56||Number: 124422 of 128403|
..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.
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.
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