Im not familiar with refinance but i am looking for better rates by barbara_bubblybea... from Overland Park, Kansas. Sep 25th 2013
Yes.. Assuming you refinance into a conventional loan, and you have sufficient equity.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
Yes you can! Comparing a current fixed rate to your current adjustable rate you may find the fixed rate is a little higher. But by 'biting the bullet' and taking the fixed rate now you of course won't be subject to future interest rate increases. Talk with a LOCAL mortgage professional on this forum or search for one by clicking on the Community button in the upper right. Good luck!
Definitely! However, you should be prepared that what you are currently paying may possibly be as good or better than where rates are currently - so it's possible your payment may not change much. It just depends on how your current loan is structured. However, once rates start increasing your ARM will too. (Grew up in KC, had friends from OP - many are still there...) Let me know if you'd like help evaluating options. pdumouchel@primelending.com Good luck!
Fixed rates are at near historic lows. Compare the new balance, and the new APR (annual percentage rate), to help you make a wise decision.
Yes you should be able to without an issue.
Going from an Arm to a Fixed rate should pose no problems for you.
yes you can- Make sure the lender you choose explains the ARM product in detailto you so that yiu can make an informed choice.
You Absolutely can. You still need to qualify for the loan based on your current credit and income however. You will want to talk to a Local Lender about your specific situation and they can give you all of your options. Good Luck Barbara!!!Keep in mind that not all ARM loans are bad and when you talk to a Lender, take your current Mortgage and Note with you to find out if it is the best choice for you.
Sure... and plenty of people do.
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