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Old 04-17-2010, 10:39 AM
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Join Date: Apr 2010
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Default Best mortgage for me?

I am going through a divorce and looking to buy my first home. I'm obviously looking to take advantage of the low housing market and I'm wondering if I should do either an interest-only loan or an ARM to get more house now and re-fi in 3-5 years when the market is hopefully on the way up, or get a little less house and just do a 30yr fixed? My income and credit are both pretty good and I have been pre-approved and have been looking at houses. I'm just not sure what direction to go. Any input would be greatly appreciated since this is by far the most difficult time in my life right now and I have never been through any of this.
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