Mortgage Blog

If you want to refinance Rental ARM loans, we still have good rates. Here are a few samples:
1)Cash-out 300k loan to $650k loan, the 7/1 ARM rate is 4.875%.

2)$400k loan, 5/1 ARM 4.5%; 7/1 ARM 4.75% with no closing cost.
$300k loan, for $1000 closing cost with  5/1 ARM 4.5%; 7/1 ARM 4.75% rate.

The above rates are still much better than reset rate of 5%.