Business, 04.08.2020 23:01, emily743

You have an option on an ARM that has a two-year adjustment interval, 4% margin, 2% periodic rate cap and a 6% lifetime cap. The current initial rate is 5.35%. You can also get a 30-year, fixed-rate mortgage for 6.65%. You plan on staying in this home for at least 10 years. What would be your best choice?

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You have an option on an ARM that has a two-year adjustment interval, 4% margin, 2% periodic rate ca...