arrow

Got a Home in Virginia?
Get Your Best Mortgage From Just 2.21%

Adjustable Rate Mortgage Refinance Rates at Record Lows

by


Are you thinking about a mortgage refi with an Adjustable Rate Mortgage but aren’t sure if this is the home loan for you? ARM mortgage refinance loans have more risk than a traditional fixed-rate home loan; however, 5/1 Adjustable Rate Mortgage refi can be found for as low as 3.22 percent this week. Here’s an article from MortgageLoan.com weighing the pros and cons of Adjustable Rate Mortgage Refinancing:

» Mortgage Lender Spotlight «

Each month we showcase exclusive offers from top lenders
that can save you thousands of dollars on your next home loan.

Is it time for borrowers to start thinking about adjustable-rate mortgages again? The advice of many mortgage and financial experts is a definite yes.

http://www.mortgageloan.com/time-give-arms-fresh-look-8768

Once you’ve decided to go forward with your mortgage refi with either an Adjustable Rate home loan or a fixed interest rate, you’ll want to pay close attention to the fees you’re paying for loan origination and closing. The closing costs you pay on your mortgage refi actually determine how good of a deal you’re getting rather than the refinance rates because you’ll have to recoup these fees before breaking even on your new home loan.

There are a number of junk fees that you’ll want to avoid including rate lock fees, broker courier fees, and loan processing fees. Junk fees are cash out of your pocket and do nothing for you. You can learn more about getting today’s best refinance rates without paying unnecessary fees or markup with my free Underground Mortgage Videos.

People Who Read This, Also Read:



{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: