The theory behind the 10/1 ARM is that for as long as I've owned homes, I've never gone more than 10 years between refinancing (owning now for over 25 years).So we extracted the cash and were in no rush to invest instantly to offset the amount we'd owe with our mortgage AND the HELOC.If you have a mortgage, a HELOC and a mortgage on a rental property and you don't have the property occupied, then you're in really bad shape (IMHO).So what's why we refinanced over the HELOC.  

In Indian hills. 

I started a business under the name TroopTrades (fits well since I'm in the Army Reserve).

My dad actually retired here after 30 years in the Army.

Was in the Army.

It depends on the terms of the ARM. Is

I haven't found just a "standard" 20 or 30 year amortized fixed rate loan option, except for ones that are in excess of 9.5% interest rate, which shoots most deals apart in terms of monthly cashflow.I am wondering for those of you out there dealing in commercial / portfolio financing, how do you evaluate a property for purchase with monthly metrics, when there is an ARM? (ie

As they say in the army, plans rarely survive contact with the enemy.Around here it is really tough to find a 70% deal like this.

Based on $100,000, on a 20 year amortization, with a rate of 4.25% you would have a payment for five years of $619.23.Once the balloon or ARM is up, we would renegotiate the terms.

I had just got out the Army and bought my first home at 26 years old for 65k.