Mortgage Lowdown

There are quite a few people who have taken ARMS and are now having second thoughts about this mode of finance. Problem is they are undecided on whether they should refinance the loan during the lock in period or ride it out and see how bad it can get. The solution boils down to whether you can afford the loan as it is. Orlandosentinel.com reports:

If you plan on staying put, then you need to consider refinancing while 30-year fixed rates are still below 7 percent.

Read more: Questions, answers reveal financing dilemmas today

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This entry was posted on Thursday, September 14th, 2006 at 11:44 pm and is filed under Refinancing. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.