[Rick Lee]

Nostatic, also take into consideration how long you plan to keep the condo. Not too many people see themselves living in a condo for their whole lives, so it's not really worth paying for a 30 yr. fixed mortgage. Unless you plan to keep it and rent it out after you've upgraded, get an ARM. Though my condo has appreciated nicely, I'm sort of wishing I were a renter now, as I want to move and selling my house is gonna be a ton of work and probably cost a lot too. Renting allows you just about pick up and leave anytime and that's worth something.