ARM or Interest-Only loan coming due?

Nearly 25% of mortgages - 10 million - currently carry adjustable interest rates. Many will face "bigger payment shock" once their loans reset to higher rates in 2007 and 2008. By converting your ARM or Interest-Only mortgage to a fixed rate loan, you gain the stability and security of a fixed payment and may also reduce your monthly payment.

The answer to "Should I refinance?" is a complex one, since every situation is unique and no two homeowners have the exact same financial history and goals. Let LMC provide a quick and FREE analysis of your current situation and recommend your best available options. We will gladly supply a breakdown of how much money you will save (or maybe won’t save) by refinancing at the present time. Our accurate and honest evaluation will help you make an informed decision on whether to refinance now or at a later date.

The national media has sensationalized the current ARM/Interest-Only market. If you have questions and need clarification on how your mortgage coming due will personally affect you, please call us. Even if it won’t reset until 2008, we will candidly discuss your situation and advise you on your options. You can also complete our FREE Mortgage Consultation or Contact Us forms.

If you have already decided to refinance, apply online by completing our Quick Loan Application or call us locally (317.844.2250) or toll-free (866.844.2250) to apply over the phone. If you prefer, one of our Mortgage Consultants will gladly meet you in our office or at a convenient time and place of your choosing