Always been wary of offers like that from Carpe Diem.. More of a sucker offer then anything IMHO. Obviously it all comes down to ones strategy though and also what some lenders customer criteria is...
did some quick calcs, and didn't include any of the unknown fees that could very well be attached to these mortgage offerings.
Here is a 6 yr comparison between the two (Carpe V My Rate) interest only based on a $400,000 loan.. Hope I haven't made any calc errors.
