Is it wise to refinance a fixed mortgage with a 2-year ARM?
Would it be wiser to do the 50-year fixed or a 2-year ARM and then refinance after 2 years for a fixed rate? Paying closing costs twice in two years seems like a lot of money to you.
You need to keep what you have and do NOT, don’t refinance a ARM. Read the rest of this entry »
Tags: Mortgage Debt Consolidation, Mortgage Refinance, Private Second Mortgage, Second Mortgage Forecloser, Second Mortgages, ARM, fixed mortgage, refinance