Should I change my mortgage from an adjustable rate to a fixed rate?

I'm afraid my adjustable rate loan will continue to rise. Does anyone know what the market conditions are saying as far as interest rates? I'm thinking I might want to refinance to a fixed rate.

Should I change my mortgage from an adjustable rate to a fixed rate?

You should have taken a fixed rate to begin with. Maybe your current lender will allow a streamlined refi to convert to one now. If not you start a new loan and have all the associated costs to pay again.

Should I change my mortgage from an adjustable rate to a fixed rate?

I sure would!

Should I change my mortgage from an adjustable rate to a fixed rate?

Yes. Take the hit and do it. I'm glad that we did. Ours went up 6 points in 3 mos.

Should I change my mortgage from an adjustable rate to a fixed rate?

yip do that now .lock in for the longest time you can .

Should I change my mortgage from an adjustable rate to a fixed rate?

find a good mortgage calculator online, and calculate what your payments will be for various mortgage types, interest rates and lengths to see what works best for you; and, if you do refinance, make sure you take in to account and closing fees

Should I change my mortgage from an adjustable rate to a fixed rate?

Don't wait to refinance. Do it ASAP.

Should I change my mortgage from an adjustable rate to a fixed rate?

Wow get a fixed rate as soon as possible. Why anyone would take an adjustable is beyond me! Also who gets an interest only loan? Are you that dumb? I'm sorry if you got one of those you deserve to loose your home to foreclosure. Sheeshh lets be smart people.

Should I change my mortgage from an adjustable rate to a fixed rate?

there is a slight bias towards interest rates going about 50 basis points lower by the end of the year. not many people expect them to rise.

Should I change my mortgage from an adjustable rate to a fixed rate?

If you're planning to keep the house for more than another year or two, refinancing to a fixed rate can often save you money.

Should I change my mortgage from an adjustable rate to a fixed rate?

Obviously, no one knows for certain what is going to happen to interest rates in the future but with rates as low as they are now, this might be the right time to make that conversion.

If you don't have a second mortgage you may qualify for a streamline refinance which will greatly expedite the process and save you the cost of an appraisal.

Even if you have a second, this might be a great time to consolidate the liens into one fixed rate loan.

Feel free to email me if you have further questions.

Should I change my mortgage from an adjustable rate to a fixed rate?

Well it depends on your mortgage rate

Should I change my mortgage from an adjustable rate to a fixed rate?

If you have a capped ARM, then its probably maxed out by now and you have to weigh that against what rate you can get in a fixed mortgage.

If oyu have an uncapped ARM, get the hell out now. And continually scold yourself for your stupidity in signing a mortgage that has the potential to rise to double digit interest.

Should I change my mortgage from an adjustable rate to a fixed rate?

I work at a mortgage company. rates will not be going down anymore on arm loans they will keep rising. Prime rate will be going up soon. It has not gone up since June of last year. It is about due to go up another quarter. I would just due 1 fixed rate mortgae i would not do a second behind it due to the fact that seconds have very high interest rates. If your ltv is more than 80% you can roll pmi into you rate your rate will be higher buyt it will cost less in the long run.

Should I change my mortgage from an adjustable rate to a fixed rate?

My crystal ball says DUH! Yes, it's a good idea to refinance into a fixed rate, as long as you qualify for a lower rate. If your adjustments are still lower than the current fixed rates, it wouldn't make a whole lot of sense to refinance, would it?

Should I change my mortgage from an adjustable rate to a fixed rate?

go to this website www.directoption.com it explains some of the programs that you might like. and an adjustable rate loan works good for you before it adjusts. GO ahead and change your loan to a fixed rate.