Is refinancing at 5% or less for 30 yrs is a good optionBought my house 4 yrs ago for 600K with 15-down on 5/1 ARM loan at 5%. It is not a Fannie Mae or Freddie Mac loan. Paid down $50K since. Current Principal amount is 460K. Credit score > 750. Home value down to 470K. No default in pmts.Is refinancing at 5% or less for 30 yrs is a good option or wait for the arm to end? Might have to come up with 80k to meet 20% down requirement.Are there any better programs?November 18 2009 - Ashburn00YesReport 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.