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[quote=Anonymous]OP, I’m concerned about the arm. 5 years can fly by quickly, especially when you are in the middle of raising young kids. What will you do if your mortgage jumps significantly over time? Given the insanity of our politics these days, our ballooning national debt etc etc I would look carefully at what your mortgage could look like in year 6 or 7 or 8 and could you swing the worst case scenarios? With two young children, unless you have family or other support with a financial net under you you really need to be planning for the worst case scenario. You definitely don’t want to have to downsize when your kids are established in their community bc you can’t afford a higher mortgage in a few years. Good luck![/quote]
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