▲ 19 r/Mortgages
3.875% 7-year arm vs. 4.875% fixed rate mortgage???
We can't decide between a 3.875% 7-year arm and a 4.875% fixed rate mortgage for a new construction home. Our monthly payment difference would be a difference of about $500. I tend to be more risk averse, but the lower rate is sounding better. Any thoughts or suggestions?
u/IllustriousLion4517 — 11 days ago