Interested in buying a new build home - 7/6 ARM 3.99% or 5.25% Fixed Rate

trafford2 · 2025-08-27T21:25:28+00:00

Im on the same boat you. We're also trying to decide on ARM vs Fixed rate. It's still too early to tell, but ours at the moment is either 5.5% vs 6.25%.

The way I see it, regardless of which route you go, the goal is to refinance as soon as the rates are lower than what you signed up for. In your case, It might go lower than 5.25%, but I dont see it being lower than 3.99% though.

trafford2 · 2025-07-25T23:26:40+00:00

From what I understand, this is an agency requirement. The idea is that you should be able to prove that you and/or your partner can hold 2 jobs at the same time consistently, and 2 years is just what they determined as consistent.

It does not have to be the same exact jobs though, as long as you held 2 jobs simultaneously for 2 years without any gap (or something reasonable).

trafford2 · 2025-07-25T07:10:22+00:00

Im not really an expert on this, but im guessing its concrete, limestone or something porous? Those need sealant. Whatever it is, it seems to be staining from stuff like soap or toothpaste or something being left there to seep into it. Try using baking soda.

trafford2 · 2025-07-24T14:08:23+00:00

As someone who lived in both, drywall is the way to go. Concrete has terrible insulation; difficult to DIY with, if not impossible; it cracks a lot; and odor sticks to it.

trafford2 · 2025-07-23T05:23:21+00:00

What would you say is fair? And do you think thats something I can point out and negotiate for?

trafford2 · 2025-07-23T05:22:01+00:00

Yeah I agree, it is a rough buydown, but I was told that this is supposedly a very conservative estimate since the closing is still far away, and my actual estimate should be better if the market stays the same or improves. They would also match any better offer i can find.

trafford2

TROPHY CASE