How much will my payment go up with 5/1 Fixed to adjustable mortgage rate?
Tags: 3 years, fixed rate, job, late payments, prepayment penalty, tile industry
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on Saturday, November 14th, 2009 at 7:30 am and is filed under fixed rates mortgage.
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Depend what is your rate? let see if your rate is a 6.5 after 5 yrs some loans going up to 13 % or more (read your contract has to be there maximo rate.) now if you have a late payments and do not have a home equity don`t even try Refi, Short sale is not the best sollution, but if you can`t afford, what else you can do? call you lender to waive the Pre-payment penalty and sale before foreclosure! if have more question e-mail me fabbian@myfirstcontinental.com