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Strategies & Market Trends : Tech Stock Options
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To: TimbaBear who wrote (30006)12/3/1997 7:39:00 AM
From: Kevin  Read Replies (1) of 58727
 
>>>You might want to consider a hybrid product, depending on your plans for your occupancy in the home....if you are going to make a housing change in 5 years, you may want to get a 5/1 ARM....this loan has a fixed rate for 5 years and then converts into a 1 year Adjustable Rate Mortgage.......rates on this product are pretty good right now.<<<

Hi Tim. I appreciate your response. This sounds like a very interesting alternative. We've considered selling the house and building / buying the 'dream house' in 5 - 10 years, but I may just buy a vaction house first (I'd love to get out of Jersey for a few weeks during the winter each year). I can never make up my mind, and probably won't make the decision for a few more years (or the decision will change 10 times over the next few years).

Thanks again for the help. I may have some more questions over the next several weeks.

Kevin
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