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3.25% for a 5/1 ARM with a lender, 21 days ago, total fiasco, should I start the refi process over

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November 30 2011 - Arvada
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Profile picture for RockyMntStatelender

Can you give me more information. Did you order an appraisal? Wouldnt want you to pay for another one if you change lenders. What is the fiasco issues? Please contract me if you have questions. I'm always availible.

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November 30 2011
Let me guess. You wanted to do a HARP refinance and started the process but later found out you didn't qualify because your current loan was originated after the cutoff date. 

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November 30 2011
Profile picture for MarKusGroup
ARMS can be a useful tool, but not for long term financing  You need to speak with a reputable, experienced lender you trust  
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November 30 2011
Profile picture for the_country_hick
You should start over and this time get a fixed rate mortgage. The ARM will adjust up and you could lose the house at that time. It is not worth the small savings when a fixed rate is around  4% now.
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November 30 2011
Profile picture for shapiroamg
What's the fiasco?
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November 30 2011
 

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Question3.25% for a 5/1 ARM with a lender, 21 days ago, total fiasco, should I start the refi process over
  • Asked by SherriSchaferBoatright
  • November 30 2011
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