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Refinance or Wait |
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I have a 7/1 ARM and my rate is about to adjust. Should I try to refiance to a fixed rate or wait? |
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Fixed rates at the moment are great. But I don't know enough about your present loan -- what are the terms on which it adjusts and might it end up with high or low interest? Nor do I know how long you intend to remain in your house, or anything about your financial situation. So it's hard to advise you. Start by discussing the matter with your lender. Perhaps after that you'll have a better idea of what to do. |
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Edith
Originally published on June 23, 2009 |
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