When is it Time to Refinance into a Fixed Rate?

Look at these factors:

  • When will your rate begin it’s adjustment period?
  • What is your index and margin?
  • How long will you continue to own your home?

Now look at the following chart which compares the original 7/1 ARM to a refinanced 30 year fixed rate mortgage put in place at the beginning of year SIX.


Studying this chart and comparing it with your situation may help you understand the pitfalls and perks of staying with your current ARM.

For an analysis of your current ARM, or if you have any questions, call Jean 310-429-8070.