i got a 5.25% jumbo 5yr arm last week, no points

have no idea? with what lender and did you have a hard time getting it?

Not in the good ole USA. Are you living on another planet?

for what property and where and whats the LTV?

yikes...

Of course this is a great deal. Please share the details for all to partake in your good fortune.

This sounds like 40% or 50% down. Still like to know all the particulars.

It's not a good idea unless you can afford the maximum reset TODAY.

Yes, this is a phenomenal rate. The fact that you got such a low rate means you've a good credit rating and are in good financial shape since banks don't just hand out such low rates, especially these days.

For any non interest-only loan, fixed or ARM, so long as you've assets to back up the purchase and for a rainy day, it's not any riskier. There's always a cap on resets and/or a refi. Good luck.

You're right, manhattangood, as long as you can pay off the arm in full it is not riskier. If you can't, then you need to be able to afford the maximum reset today.