http://www.zillow.com/advice-thread/Has-anyone-successfully-exercised-a-conversion-option-from-ARM-to-FIXED-with-Wachovia-this-year/209736/ Zillow Advice | Zillow Real Estate http://www.zillow.com/advice-thread/Has-anyone-successfully-exercised-a-conversion-option-from-ARM-to-FIXED-with-Wachovia-this-year/209736/ She is refinancing...<br/><br/>With our Company! Fri, 13 Mar 2009 21:17:00 GMT http://www.zillow.com/advice-thread/Has-anyone-successfully-exercised-a-conversion-option-from-ARM-to-FIXED-with-Wachovia-this-year/209736/ 2009-03-13T21:17:00Z http://www.zillow.com/advice-thread/Has-anyone-successfully-exercised-a-conversion-option-from-ARM-to-FIXED-with-Wachovia-this-year/209736/ From my memory the conversion feature changed a few times.&nbsp;It was normally selected at origination by the originator.&nbsp; At some points it was $200 extra <a href="http://www.zillow.com/mortgage-glossary/Origination-Fee/">origination fee</a>, at others it was&nbsp;only on selected margins/products.&nbsp; She needs to&nbsp;look at the original <a href="http://www.zillow.com/mortgage/">loan</a> documents she received at escrow.<br/><br/>Regardless, if she is full doc at 40% ltv with clean <a href="http://www.zillow.com/mortgage/">mortgage</a> history she may as well just do a normal refinance.&nbsp; APR's are typically less then .55% above FNMA 60 on a refinance.<br/> Thu, 12 Mar 2009 22:09:00 GMT http://www.zillow.com/advice-thread/Has-anyone-successfully-exercised-a-conversion-option-from-ARM-to-FIXED-with-Wachovia-this-year/209736/ 2009-03-12T22:09:00Z