I get where you’re coming from—peace of mind is huge. But I’ve actually used ARMs a couple times, mostly when I knew I wouldn’t be in the property long-term. One place, I sold before the rate ever adjusted, and the savings were real. But yeah, if you’re not sure about your timeline or your income’s unpredictable, that risk can get stressful fast. Ever notice how lenders always pitch the “best case” scenario? That’s what makes me double-check the fine print every time...
I get the appeal of ARMs for short stays, but man, my nerves can’t handle the “what if” game. I refinanced into a fixed rate last year—sure, I’m probably paying a bit more up front, but at least I’m not waking up in a cold sweat every time the Fed sneezes. Maybe I’m just too risk-averse (or too lazy to track rates), but that predictability is worth its weight in gold for me. Those lender “best case” scenarios always sound like they’re selling beachfront property in Nebraska...