Comments on: Refinancing an Adjutable Rate Mortgage (ARM) May Not Make Sense

By: Dorsey

Dorsey — Tue, 22 Sep 2009 03:03:48 +0000

Long term, going for the lowest rate would save the most money. The problem, is nowaday, most homeowners don’t stay in their homes or their loan for the long term, so the low or no cost option would work better for most, in terms of savings.

By: Shailesh Ghimire

Shailesh Ghimire — Fri, 09 Jan 2009 00:02:08 +0000

Chris, That is a very valid point. Need to certainly consider all these scenarios before fully pulling the trigger. Shailesh Ghimire´s last blog post..Refinancing an Adjutable Rate Mortgage (ARM) May Not Make Sense

By: Chris Butterworth

Chris Butterworth — Fri, 02 Jan 2009 20:53:07 +0000

Great points, Aimee. The only thing that makes me nervous about waiting is the possibility of missing out on a really low fixed rate. If your friend is going to be in his home for a long time, but waits until rates start rising before switching to a fixed rate mortgage, he might end up with a 'permanent' mortgage at a significantly higher rate than could be had today... Chris Butterworth´s last blog post..Moving Stills 45 - State Capitol