Better off using a 5% ARM or conv and then hope to drop PMI early with appreciation and if not at 80% LTV automatically.

It is a Fannie Mae ARM with the first year being X and the remaining term of the loan increasing and becoming fixed by 1% the following year for the remainder of the 30 year loan.

Current student loan is at $102K at 7.9% Im looking to take out only the amount owed at 4.09% (5/1 30-year ARM) because we plan to sell in 2 yrs anyhow.

The biggest and best-armed gang in Green Bay, the police, is on your side.

I mean, when was the last time you saw a billionaire with a woman on his arm less than a 9 or 10?

We ended up using a Navy FCU 7 yr ARM and bought an old colonial in the yachting village/ lower Thames.

I do plan on keeping the acreage regardless of what I decide.Some of the numbers:  I bought the house and acreage for a total of $125,500.I currently have an ARM which the rate is at 4.125%.  

More explicitly:--  I want to own my home (this is done!

Does any one have experience purchasing a VA loan backed property utilizing an ARM and then refi'ing into the IRRRYL before the rate increases? 

.$500,000 Value requires $150,000 + $22,000 Closing Cost so total of $172,000 Down + %5.4 APR 5 ARM + 24 months payments needs to be in the bank account which is approx $73,000At the end of the 5 years, the mortgage will be something around $322,000 so with the appreciation etc if we sell the house around $600,000 which - $172,000 - 322,000 = $106,000 NET max return.But if we go all cash , he can make Approx $225,000 ( total rental income + average appreciation)Or If we do All Renovation + All Cash deal =$550,000 investment in 5-year approx profit will be around $300,000If you'd have the All Cash Funds and if you would locate overseas so you don't have time but you also want to make profit , what would you do in this situation?