[onewhippedpuppy]

Any feedback on the online companies such as Ditech.com or Countrywide Home Loans? They seem to have more competitive rates than what I've seen locally, and more options for interest and payments.

Overall the housing market in Wichita is strong, especially in the area that we are considering purchasing a house in. The joys of urban sprawl. My personal feeling is that even if we break even, or lose a little, we'll still be better off than paying $710 a month down the drain. Plus, this way we get a decent house with a yard, and some space for our son to play.

Steve, thanks for the links. I don't anticipate a problem, wife's credit is perfect, I have one collection from a phone bill I never recieved back in 2001 that I took care of as soon as I found out about it.

What's the overall opinon of a 30yr/ 5 fixed ARM? Will the rate go up drastically after that five years?