Zillow Advice: Refinance - Fannie Mae Refi + - Type of Loan

Hi Tiger3599You can certainly ...

Thu, 02 Jul 2009 00:12:00 GMT

Hi Tiger3599

You can certainly get a 5 year arm. from all rate sheets, the 5 year arm rate is much lower than the 30 year fixed so it would be a good move for you.
Good luck with your loan process

Yes, Refi + allows a 5/1 ...

Tue, 30 Jun 2009 22:24:00 GMT

Yes, Refi + allows a 5/1 ARM. Must be fully amortized.

The new loan may be a fixed-rate ...

Tue, 30 Jun 2009 22:22:00 GMT

The new loan may be a fixed-rate mortgage or an ARM with an initial fixed-rate period of at least five years. The payback period may be as long as 40 years.