If you have had consecutive 30-day late mortgage payments within the past 12 months and wish to refinance, we have a program to accommodate borrowers with this issue. Don’t miss out on the opportunity to refinance at today’s competitive interest rates!
The spread between long-term fixed rates and ARM’s has widened. The 5 Year Fixed/1 Year ARM is currently ~3.125%. The 7 Year Fixed/1 Year ARM is currently ~3.5%. The 10 Year Fixed/1 Year ARM is currently ~4%. ARM’s offer 30 Year amortizations. The 30 Year Fixed, by comparison is ~4.5%.
Depending upon credit scores, loan-to-value, and loan amount, 30 year fixed interest percentage rates possibly available in low 4’s and 15 year fixed rates down in the mid 3’s. Refinancing now may be a financial benefit. Please contact us to discuss further!