ARM to fixed rate - Mortgagefit

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ARM to fixed rate

eric1

Posted on: 27th Aug, 2009 06:19 pm

i have an arm (6.875%) that is due to adjust in 2011. can i try and refinance and lock into a fixed rate before it adjusts?

Total Reply : 2

Yes, definitely !

eric1

Posted on: 27th Aug, 2009 07:15 pm

kmeyer7

Welcoem to the forum

Yes you can. You need to call your bank and probably they will check the property value.

Your refinance will be based on if you have equity in the house

Good luck and feel free to ask

Realgeni

Posted on: 27th Aug, 2009 08:20 pm

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