Do You Have a Union Bank of California mortgage loan that is an ARM (and resetting sometime soon)My loan is a jumbo UBOC owned loan that they kept in portfolio. It is an ARM and 4 years old. With loans in this program, when it adjusts there is a fixed rate conversion option (and no other loans I know of have these but let me know if you find one) so that the new rate upon conversion is the Fannie Mae 60 day commitment rate plus .00375. If you have a loan in this UBOC program you may be able to lock in a long term fixed rate of about 3.875% with no costs or fees! Read your loan docs and the addendums and riders and you may be in luck!!!! I feel like I won the lottery!!!!!! Incredible deal! Any thoughts or comments?February 21 2012 - US11YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.