What mortgage option would you choose? New build home purchase

Which mortgage should we lock for a 160 day new build lock. (These are all jumbo in-house loans. will not be sold off)

All options at parr no extra fees, no points

A. 30 year fixed at 5 percent interest, 20 percent down

B. 7/6 arm at 4.5 percent. (no PMI or other fees, 10 percent down ok)

C. 10/6 arm at 4.75 percent. (no PMI or fees, 10 percent down)

-I am leaning towards the 10/6 arms to pocket the 90k instead of putting down 20 percent.

submitted by /u/howellmountain22
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Which mortgage should we lock for a 160 day new build lock. (These are all jumbo in-house loans. will not be sold off) All options at parr no extra fees, no points A. 30 year fixed at 5 percent interest, 20 percent down B. 7/6 arm at 4.5 percent. (no PMI or other fees, 10 percent down ok) C. 10/6 arm at 4.75 percent. (no PMI or fees, 10 percent down) -I am leaning towards the 10/6 arms to pocket the 90k instead of putting down 20 percent. submitted by /u/howellmountain22 [link] [comments]

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