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Updated 3 months ago,
Arm loan - Fixed Rate Loan
I have a property under contract (4 units) I'm shopping around for a mortgage and need some advice.
Which option will you choose, which one will be cheaper from a long-term perspective? Both options are Credit Unions - no points, no origination fee
1. Fixed rates - 6.125
2. Arm Loan - 5.250 (after five years the rates can go up 1.25% ( I will need to refinance before year 5)