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Get Low Refinance Rates From Just 2.12%.

Adjustable Rate Mortgage Refinancing Isn’t Necessary Unless…

If you’ve got an Adjustable Rate Mortgage that’s getting ready to reset you might be wondering if you should take advantage of today’s low refinance mortgage rates. Mortgage rates are at their lowest levels since December of last year so if your ARM is about to reset it will adjust lower making mortgage refinancing unnecessary unless you’d like to lock into a fixed-rate home loan. Here’s an article by Dan Green at the Daily Mortgage Reports explaining why you might want to hold off on that new refinance mortgage loan.

Today’s article is titled “ARMs do not look so scary anymore”. It covers conventional, conforming adjustable-rate mortgages, and how a lot of the ARMs from 5 and 7 years ago are actually adjusting lower these days — not higher. This is because ARM resets are math-based and the math is more favorable for borrowers than at any time in history.

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If your teaser rate left a bad taste in your mouth and you don’t mind paying closing costs and an origination fee to lock in a fixed-rate mortgage, it might be worth your while to go ahead with that mortgage refi. Getting lender’s best refinance rates is easy; interest rates are at their lowest levels of the year. What’s tricky is avoiding junk fees or paying too much for the mortgage origination fee.

Did you know that fees decide how good of a deal you’re getting when mortgage refinancing, not the refinance rates you get? That’s because you have to recoup these expenses before gaining any benefit from that low refinance rates. The more you pay the longer it takes to break even and the more it will seem like you’ve wasted your money.

You can learn more about minimizing your closing costs and origination fees by checking out my free Underground Mortgage Refinancing Videos.

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