Just got my offer accepted for a house in San Jose. Shopping for interest rate now:
Should I got for
7ARM - 4.25% interest rate
30 fixed - 4.75 % interest rate

Banker is recommending 7ARM but wanted to get general opinion as well.

Thoughts?

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Posting as :
works at
You are currently posting as works at

You should think of these

1. What’s your long term goal? Do you want to live here or sell the place ?
2. What is your monthly payment difference between these two options ? How long does it take for you to break even/recuperate the expenses in either case

With out knowing these one can only speculate here.

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