Would an ARM be a good idea?I'm thinking about refinancing to an ARM. I hear about how they're a bad idea, but is that always the case? My thought is to refi to an 5/1 ARM and continue paying my mortgage off as quickly as possible. If I don't refinance and I continue with my current mortgage, I anticipate having my house paid off in 8-10 years by paying an extra $1300/month on the principle. I'm one year into a 30-year mortgage.If I refinance to an ARM, and continue paying this much extra on the princple, it looks like I'd be able to pay it off in about 6 years. When the interest rate reset happens in 5 years, it only resets on the remaining balance, correct? So if I only have 30K left on the mortgage, the new payment would continue to be affordable.Opinions? Advice?Thank you!DeanneJune 09 2011 - US00YesReport 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.