Arm Loans Are Maturing-  Many  of the fixed arm loans are expiring this year. This will mean large increases in monthly payments for those who cannot refinance because of poor credit or lack of value in their property. 

If your arm loan is near the end of it’s fixed period, you should get a valuation of your property to ensure that you have enough equity to qualify for a refinance. Remember the 100% financing which may have enabled  you to purchase your property, may not be available today. Be proactive in your planning.

The supply of homes is currently at 7.8 months. This means a buyers market still exists and good deals are available now. Get pre-qualified early and be ready to buy your dream home.

Submitted By: Bob Gonzalez - First Choice Mortgage

Brought to you by Randy Charlton of Century 21 Home Realtors.