Trade Your ARM for a Fixed Rate
Home owners in ID have two rate options when refinancing their home loan in ID, fixed rate mortgages and adjustable rate mortgages, often referred to as ARMs. ARMs are attractive in today’s economy because they offer very low introductory rates but due to the instability of financial markets these rates can jump quickly and home owners may find themselves paying more than they had bargained for. Adjustable rate mortgages are not always unpredictable though. Homeowners who know the length of time they plan to stay in their ID home may secure an ARM with ViRB Mortgage Network for that specific amount of time, which will save the homeowner money and avoid rising payments.
We Can Help Your With Your Refinance
The decision to refinance in ID has, in the past, meant home owners had to balance the savings of a lower monthly payment against the costs of refinancing. In recent years, ViRB Mortgage Network has introduced "no cost" and low-cost refinancing packages that minimize or completely eliminate the out-of-pocket expenses of refinancing.
With traditional refinancing, the interest rate for your new ID mortgage is often about 2 percentage points below the interest rate of your current mortgage. However, with the newer low- and no-cost refinancing programs offered by ViRB Mortgage Network, home owners can find it valuable to refinance to obtain a smaller reduction in interest rates.
ID Real Estate Information
At ViRB Mortgage Network we offer real estate information in ID and many cities within the state. Below is a brief list of some key areas where we offer our services, please browse through the information given about the areas to help guide you in finding a great location. If the area you are currently searching for is not listed below, then please contact one of our mortgage and real estate professionals today at 208.345.5626.