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refinance: Do you have an adjustable rate mortgage? - 09/08/08 02:02 PM
The ARM's Race of 2008This August, some homeowners will be feeling a little more than the usual heat. By the end of this summer, over 300,000 subprime adjustable rate mortgages will "reset" from lower introductory rates to current market rates. The change in rate can equate to a tough-to-stomach bump in monthly payments, especially for loans that feature extra-low "teaser" rates.
The Refinancing Option
Choosing to refinance has two main benefits :
Lock into a Fixed Rate - Why worry about periodic rate resets and rising mortgage rates if you don't have to? Refinancing gives owners the chance to lock into … (5 comments)

 

Linda Moore

Evesham Township, NJ

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RE/MAX of Cherry Hill

Address: 1736 Route 70 E., Cherry Hill, NJ, 08003

Office Phone: (856) 424-4040 x 151

Cell Phone: (609) 605-5902

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