[elif]

If you look at it from the bank's perspective it makes more sense. I got a 5 year and paid it off early. The bank got about 8% of my home value. My friend has a 30 year and the bank will get ~110% of his home value.

[aidenn0]

This is for 30 year 5/1 ARMs the term is the same, but the rate is not locked