Is a 5/1 adjustable a good option for us?We fell behind on our mortgage a few years ago when we accidentally ended up owners of 3 homes, and have been steadily bringing our credit rate up. Right now it is just under 700. I think it might make sense to get a short-term adjustable, since we will want to refinance when our rate gets 760 anyway. Given the cap, and the fact that we are spending well below our ability, we would not have trouble paying at the highest rate it could adjust to anyway.Is this logic flawed?August 16 2013 - Bainbridge Island00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.