A friend recently called asking for advice on what to do with his Adjustable Rate Mortgage (ARM). His ARM is scheduled to reset in June of 2009. He has some time to think about this and I commend him for his foresight.
Now my friend can chose to gear up for a refinance into a fixed [...]
Posts Tagged ‘ARM’
Refinancing an Adjutable Rate Mortgage (ARM) May Not Make Sense
Mortgage Rates Update
We have a few clients who check up on us every few weeks asking about the current mortgage interest rate on both a 30 year fixed and 5/1 ARM. I figured it’s time to post a chart of how rates have been doing since the beginning of this year (2008):
Points on interest:
The 30 Year Fixed [...]
Should I Refinance My ARM?
This is a very common question I get from people these days. Finally, I found a video which makes it very clear for people and it’s from none other than Suze Orman. Now, regular readers of this blog know that I don’t always agree with her, but this time she’s hard to disagree with:
