what if i paid my 5/1 ARM mortgage before the first 5 years?
I want to buy a house and i am confident that i can pay it the full amount in less than 5 years. Ex, the house costs $ 100k and i make monthly payments. My question is that if i paid those 100k before 5 yrs what happens with the 5/1 ARM? Will the bank still be changing me though there wont be principal balance in the loan.