February 28th, 2008
Home Refinancing Q & A
Are you trying to figure out if home refinancing is right for you? Here are some of the most common questions people have when it comes to refinancing a home mortgage.
Q. I have one of those adjustable rate mortgages. Should I refinance to a fixed rate mortgage now?
A. The answer is yes in nearly all cases unless you plan on moving in the next 1-3 years. If you currently have an ARM and you know it’s going to go up (which in today’s market it most likely is) then you should definitely be looking for a fixed rate mortgage.