ACNModeratorStatus: PhysicianPosts: 636Joined: 01/08/2016
You are not getting a big enough discount to choose the 15 year. So either 7/1 ARM or 30 year fixed. With the seven figure buy in I’d choose the thirty year. That’s what we’ve got. We can then pay extra whenever we want and do plenty of after tax investing.Click to expand…
2nd this advice.
- 30Y Fixed: 3.875
- 15Y Fixed: 3.75
- 7/1 ARM: 3.375
- 10/1 ARM: 3.625
- 5/5 ARM: 3.25
Of those listed these are most appealing.
For a 15 year product you should get a more substantial discount. No way I would pick a 10 year ARM over a 30 year for just .25% discount. Personally I’d pay the .150 premium to get a 7 year ARM over the 5 year, but you could consider both depending on how aggressive you want to be on payoff.
I am not a rate expert but all of those appear to be competitive rates in this market.
For those shopping rates, when I was shopping doctor loans about a year ago, Jonathan Brozek at USBank had by far the best doctor loan rates. [email protected]Click to expand…
USBank requires 10% down per the email I received.
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