The ice is getting thin!
January 30th, 2008 . by adminHave you done your "due diligence" as the legal beagles put it? What I mean is do you know the answers to these questions about your personal finances and what the future holds for you and your family: Q1 What kind of mortgage do you have? Fixed rate or ARM? Q2 If answer to Q1 is ARM do you know when the adjustment period begins? Q3 Do you know what happens to your rate and monthly payment when the adjustment period hits? Q4 Do you know the current value of your home? Q5 Is your home value less than your mortgage balance outstanding? Q6 Is your lender willing to do a Mortgage Refinancing for you now? If you don’t know the answers, call your lender today and go to work on getting refinanced. Do it before it’s too late!