The Duc Pond

The lock is in. A little negotiation got me 4.625% on a 5/1 ARM. I’m doing an 80/15/5 piggyback loan (that means 5% down, 80% first mortgage, 15% second mortgage which is a home equity line of credit [HELOC]) and the rate on the second mortgage is 5.375% because I’ll be doing automatic deductions from my checking account.

I am extremely happy. Life is good.