18. How much would your monthly change if you went to a 30-year fixed?
Most Option ARM loans are in Neg-Am because owners are paying less than interest. When these loans recast (not reset) the payments will go up 2x-3x the prior amount, can you really afford that? If not then you can't afford a fixed unless your interest rate goes negative... You're in your 20's so save up for 10 years and then buy something. It's almost always cheaper to rent than to buy.
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