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My wife are looking at refinancing to a 5/1 Arm. Our mortgage rate is 5% an

My wife are looking at refinancing to a 5/1 Arm. Our mortgage rate is 5% and may be able to do an arm at 3%. Is this a good deal.

Asked on 12:00 am Aug 30th 2011

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It depends on what your loan costs are, but given you have already decided on going with a 5/1 ARM, you should compare loan costs and loan payment with multiple lenders. Then you can decide if it is a good deal. In general - yes - that is very good. Rick Pelleriti rick.pelleriti@freedommortgage.com 530-205-9145 Branch Manager #238450

Answered on 3:16 pm Aug 30th 2011

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