does it make sesne to consider a 5/1 ARM?

[Anonymous]

Anonymous wrote:We did 5 year arm and our rate dropped every year after the expiration. It's been great

Same here, although we did a 3 year and we purchased almost 8 years ago. We just refinanced last year with a 7 year ARM, but we know that we will either be selling or do a significant addition through financing in the near term. If it weren't for these unique factors, we would've locked in at the low rates.