Prepayment Regarding ARMs?

Fishbowl1 profile photo

Can you refinance a 5/1 ARM during the first five years? Is this common?

Thanks.

Comments(1)

  • mitnc23rd December, 2004

    You should be able to with no problem as long as you dont have a pre-payment penalty on it. Depends on how the loan is setup and in what state loan amount etc

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