What are the odds of being able to refinance that thing at another good rate?
2007-12-13 04:23:24 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
You're going to have to give a lot more details about your mortgage before anyone will be able to give you specific advice about refinancing. Where do you live? How much is your mortgage worth? How much is your home worth? What is your current rate? What are the terms of the ARM?
2007-12-13 04:32:01 · answer #1 · answered by smcwhtdtmc 5 · 0⤊ 0⤋
ARM's don't have fixed rates. That's why they are called ARM's. I presume you mean that this thing will change rates in 2013 or later. That's six years off, and I suspect that the housing and mortgage picture will be quite different THEN than it is NOW.
2007-12-13 12:32:28 · answer #2 · answered by acermill 7 · 1⤊ 0⤋
Do you have a prepayment penalty? If so, when does it expire?
2007-12-13 12:30:43 · answer #3 · answered by npk 7 · 1⤊ 0⤋