ARM or fixed rate mortgage?

That's not enough information to answer. Some will say that it makes no sense to take on an ARM with 30 year fixed rates so low, but if you are only going to be in a property short term and you are certain of this, then it still makes sense to lower your rate over a point by taking an ARM. A 5/1 is hovering around the low 3% range, so that's a substantial savings for someone that knows what they are doing. ARMs may not be for everyone, but they still have a place in lending. I'd be happy to go over your specific situation with you and help determine what will work best. Gregorio Denny --WeFixRates.Com--

Enter your answer here

As long s you plan on moving by the end of the fixed term you will be money ahead. Although, things don't always go as planned. A 30 year fixed rate gives you that security. What's your risk tolerance? .... Happy funding, Rudi