Is refinancing out of my ARM now beneficial if I plan to rent soon?

Now is a great time to get out of that adjustable rate. Would love to go over the details and help you. My name is Jason Kelley with Equity Mortgage Lending in Owings Mills, Maryland. Please call me at 1-800-949-0101 ext 2405.Thank you

Refinancing out of an ARM is ALWAYS beneficial if you plan on keeping the property for the long term. Now is a great time to take advantage of fixed rates while they are low because they are sure to go up in the near future. Give a call as we'd love to assist. 800-446-9043 ext 801

It depends on your current loan situation. I would say that this is a great time to lock your self within a fixed rate. I conduct a substantial amount of business within Maryland. Feel free to contact me through my profile for a no cost, no obligation rate and fee estimate. If the numbers work, great. If not, at least you know exactly where you stand.

Hello, yes absolutely, plus you want to refi while you are still an owner occupant, otherwise, non owner occupied properties come with a higher rate and more reserves needed to show. so yes, for sure... if any interest in chatting we do loans nationwide...check us out onlinewww.homeloanbank.comsteve karp

More info is needed to give you your options

Yes, refi BEFORE you move out. this is a good time to get a fixed rate mortgage.

Rates are low now.. really low.. so if there is a benefit now then you should absolutely consider refinancing.. as to which loan would be best, another ARM or a fixed rate mortgage, you'll have to make that decision on your own.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Refinancing any loan, including an adjustable loan isn't a simple and quick answer. Your situation needs to be analyzed professionally. I understand you want to rent it out, but what type of terms do you have now, how long are you going to keep it, what are the costs, what is your tolerance level for the rate going higher. How much longer is the lower ARM rate fixed? See what I mean... Lot's of questions need to be answered. Contact a local LICENSED loan officer (not just a registered application clerk) who will ask you all these questions so you can make a good decisions. www.JoeMetzler.com

Depends on what type of ARM you have, how many years you have left and how long you plan to keep the property.....Also, if you need the rental income from this home to qualify for your next home you will have some additional things that will have to be looked at like loan to value and occupancy. I would suggest to speak with a local lender who can go over all of your options with you so you can make an informed decision. Best wishes, Sean