arm: Refinance a Subprime Mortgage Loan ARM to a Conventional Fixed Rate Home Loan - 10/08/07 12:12 PM
"I have an adjustable rate subprime mortgage, the interest rate and payment will adjust soon.  I need to know the options available so I don't find myself strapped to make my mortgage payment."
Recently I have received quite a few inquiries along the lines described above. I've guided a few borrowers through a subprime to FHA re-finance process. If you find yourself in a similar situation, I want to share with you a checklist of six things you need to do so you do the right mortgage re-finance from an adjustable subprime mortgage to a conventional one. This is not a quick fix but will be very … (3 comments)

arm: Switch from ARM to Fixed - the next innovation in home financing - 04/30/07 07:46 PM
WaMu has a new mortgage loan out that seems to make a lot of sense. Here is the jist of it from CNN Money:
    But if they decide to stay in town longer, they can switch the terms of their variable-rate Mortgage Plus loan to a fixed rate.
See full article here. 
I'm curious how they may be trying to make this work. I consulted in the mortgage-servicing sector for almost a year a few years ago, so I can't quite understand how the loans would get sold in the back end? I guess you just price the loan with … (4 comments)

 

Aimee Ghimire

Phoenix, AZ

More about me…

Phoenix Home Loan Expert (www.aimeeloans.com)

Address: 1201 S Alma School Road, Ste 8950, Mesa, AZ, 85210

Office Phone: (480) 346-8383

Cell Phone: (480) 516-1819

Email Me


I am a mortgage professional serving the Greater Phoenix market. This includes Phoenix, Mesa, Gilbert, Scottsdale, Chandler, Tempe and surrounding communities. I am with PrimeLending. When it comes to Arizona mortgage loans I have the expertise, the experience and the professionalism you should expect. I have been working in the Arizona home loan market for almost five years and have a history of satisfied borrowers.



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