FinanceMortgage
#RI-69a90c05·4 months ago·
1
“Choosing between 3.99% ARM and 4.875% fixed mortgage”
What Actually Happened
I chose the ARM to save $288/mo but refinance after 6 months into a fixed mortgage to avoid rate increases
What I wish I knew
"More about the long-term risks of ARMs"
Advice to Someone Facing This Now
If I could tell you one thing
"Consider your financial goals and risk tolerance before choosing between fixed and adjustable rates"
Regret Index
8/10
Clear regret.
The downsides outweighed what was gained.
The downsides outweighed what was gained.
Advice for Someone Facing This
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Finance Category
2,949
Finance decisions logged. Avg regret 4.9/10 across the category.
Same Outcome Band
36%
of Finance decisions land in the severe band the same as this one.
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