Purchasing my first property!

[Mark Burlison]

I’ve got accepted terms on my first 4 flat after several counter offers....negotiating the closing details. There are two properties adjacent to each other, hoping to purchase them both. Bank has given me the green light on the first one. 30 year mortgage with closing costs of around 13,000....or I can get a 3/1 arm with closing costs at 2500. I do look to hold for 10-15 years before unloading. Cheaper closing cost with arm? Or fixed rate with higher closing costs?