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Hello all,

I'm two to three months away from closing on the house my wife and I are building. We're just into our 30's and we hope to live in this house until we die (and we hope that will be a long way away).

It has been my intention to go with two loan, low down payment arrangement to avoid PMI and I've been planning on conventional fixed loans, since rates are low and we're in it for the long haul.

But a few folks have been suggesting ARMs and even an interest-only plan for the second loan. I'd like to hear advice from the community. Should I reconsider my plans? Are there advantages to these other types of loans for my situation? Or even other arrangements that I haven't considered?


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