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Updated over 7 years ago, 08/21/2017
Is a 3/1 ARM the right choice for me?
I'm looking to do a cash out refi on 3 sf units that I own free and clear. I've been offered a 3/1 ARM at 4.65% with one year adjustments at CMT + 3.75%. 15 year, 65 LTV, 1% fee. This is a new loan structure for me. Any input would be greatly appreciated. Thanks