Refinance Loan May Stabilize Your Interest Rate

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Refinance Tips and other Mortgages topics.

Can I refinance loan get rid of my variable rate mortgage for a fixed rate?

Refinance Loan May Stabilize Your Interest Rate

A refinance loan helps you lower your monthly payments and get better interest rates. A refinance mortgage also may provide some peace of mind.

Let's say you went with an adjustable-rate mortgage (ARM) when you took out your loan. But the rates have increased. Refinancing is an option, so you can switch to a fixed-rate loan. You will not have to worry anymore that your interest rates will rise.

   

Comments

Nobody has commented on this tip yet. Be the first.



Name:


URL: (optional)


Comment:


Not finding the advice and tips you need on this Mortgages Tip Site? Request a Tip Now!


Guru Spotlight
Jolyn Wells-Moran