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Updated almost 9 years ago,
ARM to Conventional
looking for some opinions on an idea. im checking on a few arms. one that i like particular is a 30 with 10% down at 4.64 apr. 5 year lock ins with no more than 2% change with each change.
if i use this to purchase a property and the apr does go up to 6.64 at the 5 year mark, couldnt i just refi with another bank?