The question is where will you be in 10 years. You have to make the call and if you guess wrong it could be trouble. If you are going to be in that house for 10-20+ years you might pick the fixed. If you are pretty sure 3-8 years is all and you will be moving on or relocating or that type of thing, then the ARM might get picked. We can't say, you have to decide what your future looks like based on your age, income, potential income, retirement, etc. tim
I do believe that was the way it was back in the old days. These days it is all about capitol gains and how much is excluded from taxes. Check with your tax adviser since we don't do taxes professionally.
What do you mean they agree on the buyer inspection? Do you mean the seller agreed the buyer can have an inspection? If so that is normal. The seller does not have to fix anything, and you don't have to buy the house. It comes down to a game of chicken sometimes, you want the HVAC replaced and the seller says NO. You have the option to walk away. Bottom line is they don't have to fix anything. Your recourse is to walk away and take your earnest money back.
The last words tell you what you need to do - federal crime = go see a lawyer.
If you are the owner and you signed a listing agreement with a real estate company, it becomes a signed contract once it is signed by all parties. You would have to ask them to cancel it, but they would not have to. If you need a legal opinion then you need to ask a lawyer, my opinions are worth what they cost you.
I am always confused by the estimates and why anyone has them on their sites and what value they are because they are always incorrect and cause people heartburn. No one really believes them so I am not sure why they have them here or on other real estate sites.
You call, write or email that mortgage company and ask them. I am not sure why they need to recalculate, but maybe they do. They do refigure the payments each year based on the taxes and insurance amounts changing and not having enough escrow funds to pay them. Maybe that is what you are asking about. Call and ask them.
Rather than guessing and wondering and asking here, go visit a couple loan officers and ask them. They can tell you about different loan programs and they might have some that need only 10% down. I have to think maybe you need to bite the bullet a little to save more and spend less. Making $100,000 or more and paying $24,000 for rental payments still leaves A LOT so you should be able to make a few cuts to save more. good luck
I can't answer about the pedophile being in jail part, consult a lawyer about that. But she 100% should have disclosed being in foreclosure proceedings, that is a material fact and should be disclosed. She also should have disclosed being a dual agent since she represents you and the seller (which is her).
You sound like a very un-trusting person and I wonder if it's your nature. That or you have a blooming case of buyers remorse developing. Your offer was accepted, the appraiser came up with documention to support your offer and the bank has no objectuions and you are upset. Amazing that you feel the world is against you. Most people would be over joyed.