You may be able to save a considerable amount of money over time by refinancing your Adjustable Rate Mortgage (ARM) to a Fixed Rate Mortgage. An experienced Bank of Internet USA Mortgage Consultant would be happy to guide you through the process.
While Adjustable Rate Mortgages are attractive for their initially low interest rates, there are definite advantages to Fixed Rate Mortgages. By refinancing your home loan to a Fixed Rate Mortgage, you:
Call 1.888.546.2634 to speak to a knowledgeable Mortgage Consultant who will guide you through the process of switching from an Adjustable Rate Mortgage (ARM) to a Fixed Rate Mortgage.
While Adjustable Rate Mortgages (ARMs) can be attractive due to their initial low interest rate, when interest rates rise, Adjustable Rate Mortgage payments also rise. By converting to a Fixed-Rate Mortgage, you can protect yourself from the uncertainty of increasing interest rates and fluctuating payments. Fixed Rate Mortgages will maintain the same interest rate for the life of the home loan, whereas the interest rate on an Adjustable Rate Mortgage can rise or fall based on market rate fluctuations. When the fixed period ends, your monthly mortgage payment may rise to a higher rate.
Bank of Internet USA leads the industry in low mortgage rates, and always has a dedicated Mortgage Consultant on hand to help you with all your lending needs. We can find you the best way to refinance your ARM to just the right Fixed Rate Mortgage for you.
For further information, please visit our page comparing Fixed Rate to Adjustable Rate Mortgages (ARMs).