Which loan should I take out for a mortgage? Conventional 30 year or a 7/1 ARM?
Added (1). We would live in the house for 7-10 years. Right now the interest rate on the 7/1 ARM is 3.125 and the APR is 2.961.
30 years is: 4.000, 4.119
Read more: Which loan should I take out for a mortgage? Conventional 30 year or a 7/1 ARM?
