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Author: yFool One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127235  
Subject: help: loan decision Date: 2/9/2000 12:31 AM
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any advice would be appreciated

is there a clear winner here?
assuming i'll hold the house for a long time

30 yr fixed loan at 8.5% with one point (break even point for point is about 4 years as fat as i can tell)
versus
7 year fixed 7.75% with one point (margin 2.5, cap 11 or 12%)
and hope for cheaper refinance
versus
arm with 1.875 % margin and .5 point

thanks
bill

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