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Can i refinance to a fixed rate loan from an ARM?

Im not familiar with refinance but i am looking for better rates by barbara_bubblybea... from Overland Park, Kansas. Sep 25th 2013 Reply


Absolutely. Contact me for some options.Brennan Hubbert | Sr. Mortgage BankerPeople's Home LoansNMLS# 296745Direct: (610) 590-1831Cell: (484) 302-1018Fax: (610) 340-2464www.unusualhomeloans.com

Sep 25th 2013
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

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

Sep 25th 2013
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Joel Lobb (kentuckyloan)
#3 ranked lender in Kentucky - 192 contributions

Yes you can.

Sep 25th 2013
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Charlie Sparks (CharlieSparks)
#8 ranked lender in New Mexico - 401 contributions

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!

Sep 25th 2013
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You can depending on your equity position/credit nd other factors that make up he loan approval. If you would like feedback, or current market rates please contact me directly here in Overland Park, KS.. 913-647-7047 fbowden@bncnationalbank.comThanks,Farrell

Sep 25th 2013
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

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!

Sep 25th 2013
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

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.

Sep 25th 2013
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Ken Burrows (mortgagesforamerica)
#19 ranked lender in Nevada - 572 contributions

Yes you should be able to without an issue.

Sep 25th 2013
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Jericho Cherry (Jerichocherry)
#54 ranked lender in Virginia - 1,107 contributions

Going from an Arm to a Fixed rate should pose no problems for you.

Sep 25th 2013
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Pete Bass (PeteBass)
#30 ranked lender in Connecticut - 476 contributions

yes you can- Make sure the lender you choose explains the ARM product in detailto you so that yiu can make an informed choice.

Sep 26th 2013
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Mike Silkworth (msilkw_195_870)
#29 ranked lender in Michigan - 531 contributions

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.

Sep 26th 2013
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Sure... and plenty of people do.

Sep 26th 2013
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