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To ARM or not to ARM.. that is the question.. lol.
The question is answered by what you need out of your mortgage.. it sounds as if you need a break from your payments..
An ARM could certainly accomplish this for ya... you could pay as little as 1.95% for the next 5yrs if ya like... there is a possiblility that by doing this you could owe a bit more on your mortgage than you do now.. but.. again.. what is it you need.. people pay ungodly interest rates on credit cards all the time.. is it wise.. hell no.. but that person wants something.. or needs something... .. so there is that answer.. make the mortgage work for you needs.
;]
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