Open Question: should I switch my 30 yr fixed to a 7 yr arm is I can save $1100/month

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I plan on putting more money down so my principle can be reduced to acheive the $1100/month savings. My current mortgage is about 1.5 years old. We built the house. I plan on applying the 1100/month against the mortgage principle. But even doing so I will not pay off the house by the end of the term. I was wondering if it was worth the risk of having to refinance after 6+ years.


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