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baker1510 · Joined: 14 Jan 2010 Posts: 20 -0.91 Dollars($)

When is it good to make use of adjustable rate mortgage (arm) refinance to fixed rate mortgage (frm)?

jameshogg · Posted: Wed Jan 27, 2010 12:33 am Post subject:

Hi baker,

You should try to refinance your ARM into a FRM when the rates on a fixed rate mortgage is going low. However, note that while you refinance a loan, you would be responsible for paying the closing costs. Check out http://www.mortgagefit.com/arm.html and http://www.mortgagefit.com/frm.html to know about ARM and FRM.

Thanks

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