Homeowners with Adjustable Rate Mortgages (ARM) should consider refinancing to a fixed rate or even another ARM when or before their interest rate is set to adjust if current fixed rates are favorable. You might want to consider refinancing to an ARM if you're planning on being in the home for only a few years. There's no sense in paying the higher interest on a 30-year fixed mortgage, when you can pay a lower rate for the few years you're living in the home.

 

Rob Schmidt

Rob is here to assist you with your financing needs.  Beginning his financing career in 1985 in the Automotive business and moving forward into Residential Mortgages and Refinancing. His over 17 years as a finance professional insures you of easy, straight forward   Loan assistance.  You’ve got questions, Rob has answers.

Rob’s Promise to you .  It is my policy to provide pre-qualifications free of charge to all people serious about purchasing their new homes or vehicles, or desiring to save thousands of dollars through refinancing or debt consolidation. Furthermore, I believe that my clients are entitled to prompt, courteous, professional service.  If a refinance transaction is not in the client's best interest I will tell that client so.  I build my business primarily on the referrals of my clients, so I take customer service very seriously. Thank you for the opportunity to assist you in meeting your goals

 

You can reach Rob through the following website  

http://www.810Loan.com  or by calling  408-810-5626  


 

Adjustable Rate Mortgage (ARM) - A mortgage with and interest rate that fluctuates according to the movements of a predetermined index. There are several types of ARM's, some change quicker than others, but all have a ceiling cap.


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Low mortgage rates are like top-rated sitcom "Friends-" You don't care what is takes; you just want them to stay around one more season.

It just makes sense for the borrower to determine what house price they can afford before spending time looking for a new home

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Coming up with a down payment. Before buying a home, you usually have to come up with a down payment. That means tying up thousands of dollars when you purchase your home. 

 

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An Adjustable Rate Mortgage

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