While short term interest rates have been steadily rising recently, long term rates have not risen significantly. If you financed your home with an Adjustable Rate Mortgage (ARM) at a low rate within the last few years, you may be in for a nasty surprise when your rate adjusts. With the recent rise in short term rates, refinancing your ARM is definitely worth discussing with your mortgage banker or financial advisor at this time.
Tagged: [existing_link:2d95e0e92b3eeb87723836067f9e3e53]
Time to Re-Finance Your ARM?
About me
- I'm Real Estate Pro
- My profile
Previous posts
- How Much Will a Home Cost You?
- Hedge Around Your Home
- Buying and Selling: How To Trust Your Realtor
- Buying a Home?
- Bridge Loan Financing
- Buyer (And Seller) Beware
- Condo Conversions Revert to Rentals
- Your Mortgage Application Is For Sale
- Buying a home with 5% Down? A lot of first time...
- Is it possible to get 100% Financing? The foll...