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Is it possible to refinance an ARM mortgage for a 30-year fixed after you've owned a property for three years?

Is it possible to refinance an ARM mortgage for a 30-year fixed after you've owned a property for three years? by colby8881 from Washington, Michigan. Mar 17th 2011 Reply


Chris Corica (chris@myqcfunding.com)
#22 ranked lender in New York - 59 contributions

Absolutely! Now would be a great time to explore your fixed rate options depending on your long tern goals. Feel free to contact me through my profile for a no cost, no obligation, mortgage refinance analysis.

Mar 17th 2011
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Patrick McCarthy (PatrickM)
#22 ranked lender in Ohio - 196 contributions

Hello.Interest rates are very low right now and I have seen may folks trying to get into fixed rates. Chances are your current ARM rate is pertty low unless you have a subprime ARM. Most of my clients choose to take a fixed rate for a shorter period of time than their ARM loan if their current rate is higher than today's market rates. I am able to lend in 47 states. Give me a quick call or email and we can see how much benefit there would be for you.Hope this helps.Patrick McCarthy, Northpointe Bank Mortgage, PatrickM@Northpointe.com, 866-901-3576

Mar 17th 2011
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David Sheir (DAVIDSHEIR)
#114 ranked lender in Florida - 11 contributions

Not only is it possible, but in most cases, I would recommend it given the current low interest rates. The only reason it may not make sense will be based on how long you plan to live there in comparison to the cost of the refinance. This is also called the "break even." Please feel free to contact me if you would like further assistance at david.sheir@guaranteedrate.com.

Mar 17th 2011
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Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions

You can refiance anytime.Joe Shamie 877-662-3321 x102

Mar 18th 2011
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Daniel Lotter (dnllotter)
#26 ranked lender in Colorado - 58 contributions

you have ask that question at a perfect time. Now is the best time to go into a fixed loan. Give us a call even if your working with someone else and we will go over your options and closing costs. Call Daniel Lotter/Tri Star Funding - 877-489-8249 toll free

Mar 18th 2011
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Rich Constantine (rconstantine)
#399 ranked lender in California - 79 contributions

Yes it is. Rates are very low on the Fixed rate product as you may already know. There is benefit by getting into a 30 year fixed loan. To better understand what kind of benefit there may be you can email me @ rconstantine@myhsoa.com for a no obligation assessment of you situation.

Mar 18th 2011
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Bill Dunger (billdunger)
#17 ranked lender in Washington - 35 contributions

simple answer: YES

Mar 18th 2011
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