Rob Cochems's Discussions

Yes it does, check your statement again though, usually loans with a 1% cap can reset every 6 months.  But if it is every 12 months, you could be subject to a rate anywhere between 8-9.4%. You have a tough delima there, you really need to have a discussion about a firm moving date.

If you like you can email or call me tomorrow and I would have no problem looking at your loan documents to make sure it would make sense.  Like you said closing costs would be an issue and we would have to weigh that against the monthly savings.

It is not guaranteed your rate will keep increasing by 1%.  Every time it adjust they will go off the current libor rate plus your 5.4% margin.

No problem at all

Correct!  Its anyones guess where rates will go that far in the future, it could actually drop back down to 8%, you just need to weigh the worst possible scenario.  If you can handle it for the next year and then sell, you have no need to worry.

Or up 20% from the crash...

its a very tough descision, but when I am back in the office tomorrow, its not a problem to discuss in detail.

In my humble opinion you are not far off there 30a, some markets will be faster some will be slower. 

nasdaq is up from its low after the crash that was my only point

Well those are purely investments and that makes sense.