Is a 2 year fixed mortgage bad? I can refinance later. Am I locked in for 2 years with no refinancing?
August 26th, 2010 | 
Author: Britta G asked:
Home, mortgage, 2 year mortgage, home loans, home loan mortgage, mortgage rates
mortgage refinance
Posted in Renting Real Estate | 
Tags: Mortgage Rates, Refinancing Home Mortgage, Refinancing Mortgage
mortgage refinance
Typically, with most ARM’s (adjustable rate mortgages) you will be subjected to a prepay penalty to cover the fixed rate period…..I would find out whether there is a prepay…
mortgage refinance
Why do you think there is alot of foreclosures. I would try to get out now and get into a fixed 30 year loan. ARM mortgages are very bad unless you plan to sale after a year of living in it. Trust me GET OUT. Plus the rates on a 30 year is low compare to what the rate are going to be in 2 years from now. I think its at 5.75 percent give it two years and we should be at 7 to 8 percent.