Type the details of your question hereI just agreed to take a 7 year ARM based on short term goals (not knowing if I wish to stay in the home for longer). Mortgage $296k at 3.175%. I will also look to make regular contributions above the monthly payment to cut through the principal and increase equity faster. I am happy to take on the risk of rising interest rates and refinance in the future if need be. Have I made a good decision? New Haven,CT | Apr 1st 2011
by ARO1975 Answer