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Hi Glockenspieler,
(Do you really play one?)

Dave, I know that you have said that the 5/1 is ahead of a 30 year fixed until year 9. Has someone already run the numbers comparing a 10 year fixed and 3/1 ARM?

I haven't run a comparison on that... but COULD if you wanted.

Thing is, it's comparing elephants to helicopters. Two completely different amortization periods (let alone the concept of "Interest Only" on the 3/1.)

Where are you in your overall portfolio balance on growth? Is retiring your tax-beneficial mortgage interest and thus adding bond-like unleveraged real estate equity the best thing for your net worth right now?

I think THAT is what I would recommend dwelling on... as the answeres therein will guide you to the better loan choice groups.

Cheers,
Dave Donhoff
National Mortgage Broker/Banker
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