Thinking of refinancing...advice?I purchased my current resident back in 99, 30 year. Included small home and 10 acres of adjacent land. I refinanced a few years ago for a lower interest rate for 15 years, and in the process during the new survey, I split several acres from the property and refinanced the home and 3 acres for a lower interest rate than before. In the end, I was paying $100 a month lower, shaved off almost 5 years, and got the several acres clear and paid for. So far, so good.current interest rate is 4.75 (I think) but seeing how they dropped lower, thinking of doing it again, this time though, would like to do maybe a 5 or 7 year loan. Doesn't matter if it goes up some, just looking at paying the rest off faster.What are my options, if any, and is it worth it? I saw on another sire someone pointing to a link (won't do it here) of a 5/1 ARM loan but no idea what that is....June 06 2012 - Aiken00YesReport 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.