Switch from an Adjustable to a Fixed Rate

Here are a couple of things to consider, when deciding if this option is right for you.

Are mortgage rates rising or falling?​​

You should consider what is currently happening with mortgage rates—are they rising or falling? If you have an adjustable rate mortgage, it may adjust to a rate that is higher than a fixed-rate mortgage. It may be a good time to consider refinancing to a fixed-rate loan. This is available on Conforming and Jumbo loans as well.

How long do you plan to be in your home?​​

You should also consider the amount of time you plan on being in your home. If you plan to be there for just a few more years, it might not make sense to refinance out of your adjustable rate mortgage. If you’re going to be in your home longer than seven years, it might be a smart move to refinance to a fixed-rate mortgage.

Higher and Higher
Rates change. We can help you lower your monthly mortgage payment when the time is right.