financialmortgage
#RI-69ba706e·4 months ago·
2
“Choosing between 10/1 ARM and 30-year fixed mortgage”
What Actually Happened
I'm considering a 10/1 ARM to save $21K over 10 years, but it's a gamble after that
What I wish I knew
"How my financial situation will change in 10 years"
Advice to Someone Facing This Now
If I could tell you one thing
"Weigh the risks and benefits of adjustable-rate mortgages carefully"
Regret Index
7/10
Clear regret.
The downsides outweighed what was gained.
The downsides outweighed what was gained.
Advice for Someone Facing This
Short, upvotable wisdom. The most helpful rises to the top.
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financial Category
1,609
financial decisions logged. Avg regret 5.4/10 across the category.
Same Outcome Band
9%
of financial decisions land in the regret band the same as this one.
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