would it be wise to refi out of an ARM at this point?
The word on the street is that rates are going up. It wouldn't hurt to look at some numbers to see if it's worth your while. I know personally that if it were me I would be looking at getting out of an ARM.

what's the min equity i'd need to pursue a second home?
10% down is what is needed with Caliber Home Loans. I can do loans in Colorado and many other states. What is really nice is that we don't sell you're loan. We service everything and we are nationwide. Feel free to contact me with any questions or concerns you might have. 913-871-2011 (direct) or todd...

if I buy a $225000 home with $45k down, how much PMI would i probly pay?
None on a Conventional loan. 45k = 20% down. VA has no monthly PMI either. Feel free to contact me at your earliest convienence with any additional questions or concerns you might have. We can review your goals and structure a loan that fits your needs. Thank your for the opportunity to earn your busines....

i've been in my current job less than a year with an employment gap -will i qualify
Based off of what you provided it looks like i can get you a loan. Caliber Home Loans is National Service provider with many loan options. Feel free to contact me to find out what we can do for you. 816-679-0395 or todd.toman@caliberhomeloans.com