Our community members have contributed towards writing articles which are informative and would help the community on various financial issues. http://www.mortgagefit.com I wanted to sell the sell the home before I could get the new home as I have sufficient equity in the old house which I could put into the new home when the former sells. I am thinking of going for a 5/1 year ARM on the new home while the old property is up for sale. I would then refinance the new home with a 30 year FRM when I am able to get the sale proceeds and hence my equity from the old home. Am I on the right track? http://www.articlesbase.com/mortgage-articles/is-refinancing-51-year-arm-with-a-30-year-frm-worth-it-290383.html http://www.articlesbase.com/mortgage-articles/is-refinancing-51-year-arm-with-a-30-year-frm-worth-it-290383.html If you are old enough to qualify for a reverse mortgage, better go for it instead of taking out a refinance loan. However, you can also look out for a home equity line of credit as an alternative option. http://www.zillaarticles.com/article.detail.php/62119/28/Mortgage-Refinance/Finance/3/Refinance_or_use_home_equity_for_ a_Reverse_mortgage? http://www.zillaarticles.com/article.detail.php/62119/28/Mortgage-Refinance/Finance/3/Refinance_or_use_home_equity_for_ a_Reverse_mortgage? If you are thinking of withdrawing money from your 401K account, be prepared to make tax payments on the cash taken out. Apart from tax payments, you will have to pay a penalty if you.re under 59 and 1/2 years of age at the time of cash withdrawal. http://ezinearticles.com/?Paying-Off-Credit-Card-Debt-Using-Your-401k-Retirement-Money&id=656642 http://ezinearticles.com/?Paying-Off-Credit-Card-Debt-Using-Your-401k-Retirement-Money&id=656642 What.s more important is that, as a borrower, you should be careful of what the fine print of the program says. That.s what is going to ensure that you benefit from the program in the long run. http://www.articlerich.com/Article/Do-I-need-an-appraisal-if-I-combine-ARMs-and-then-Refinance-/196295 http://www.articlerich.com/Article/Do-I-need-an-appraisal-if-I-combine-ARMs-and-then-Refinance-/196295 I am looking to refinance from 8.5% 30 year fixed rate mortgage to lower 30 year fixed loan. I owe $70,000 on $150,000. My credit scores are 725, 680, and 695. http://ezinearticles.com/?Should-I-Refinance-Now-Or-Wait-For-Higher-Scores?&id=1818544 http://ezinearticles.com/?Should-I-Refinance-Now-Or-Wait-For-Higher-Scores?&id=1818544