What do people think about 5/1 arm if you are not planning on living In the house for more then five years or interest only for a few years?
The wife and I lease a condo but we want to purchase a house come spring. We will have been in our place two years then. We have 4 years left on on business lease and at that point we are not sure if we want to stay in Columbus. I was thinking an arm or interest only for cash flow reasons but if we do stay could t we just refi into a traditional mortgage?