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| if you can pay the note down or dang near off in 5 years then go adjustable
if you plan to hold it out 10 years or even to full payoff date then go fixed
I have used 3/5/7 ARMS for short and long term debt loads for 15 years. With some luck and management it has afforded me dirt cheap money. Lowest got down to 2.75% on a 20 year note, cant beat that with a stick.
That said I have shifted my thinking
if you can pay it off in the short term regardless of amortization let it ride, if the note is in for the long haul lock it up
Edited by Tfox 3/13/2017 11:12
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Interest rate? Go variable or fixed?
