tag:blogger.com,1999:blog-15001874553809558402011-04-21T13:09:09.426-07:00$200 billion in mortgages will face payment shocks every year for the next four years as analysis done by the Federal Reserve Bank of Boston. This means those hybrid ARMs are beginning to adjust. This means many borrowers will need to refinance to avoid higher payments.Bill Burressnoreply@blogger.comBlogger11100tag:blogger.com,1999:blog-1500187455380955840.post-82331600463416980592007-07-06T14:45:00.001-07:002008-07-14T07:04:30.958-07:00$200 billion in mortgages will face payment shocks every year for the next four years as analysis done by the Federal Reserve Bank of Boston. This means those hybrid ARMs are beginning to adjust.<br /><br />Many borrowers will need to refinance their mortgages to avoid higher payments. Some of the mortgages were at 100% financing or Zero Down Financing. When the nothing down financing rates start to adjust significantly upward it can increase the payment drastically. Others chose investment property loans where the interest rates are typically higher to begin with. The non-owner occupied loans traditionally are considered a higher risk because its easier for a borrower to walk away from a home when its not the roof over their head.<br /><br />Bill Burress, Nationwide Mortgage Expert specializes in refinancing adjustable rate mortgages to low fixed rates and can help you save thousands. Don't wait too long. Bill Burress, Nationwide Mortgage Expert can begin to work on your mortgage before your prepayment penalty period has expired and then time your mortgage refinance to occur just after the prepayment penalty period expires.<br /><br />Plan ahead. If your ARM is scheduled to adjust within the next three months, now is the time to act. <br /><br />Bill Burress can refinance your ARM today and save while rates are low. If you have been turned down by others, call Bill Burress, Nationwide Mortgage Expert today. Bill Burress can approve loans others cannot. <br /><br /></p><p> </p><p>Bill Burress, Nationwide Mortgage Expert can help homeowners with their refinance loan or purchase loans and charges no application fee. For information on a cash out mortgage loan or any of your mortgage needs, You may contact Bill Burress, Nationwide Mortgage Expert at Toll Free 1-800-239-1416. or fill out the <a href="http://www.cincinnatisouth.com/30_Second_Inquiry.html">30 Second Inquiry Form.</a> <br />Bill Burress, Nationwide Mortgage Expert has over 27 years experience in the mortgage business.<br /><br />Bill Burress is now approving real estate mortgage loans in the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming.<br />Copyright © 2008 Bill Burress, Nationwide Mortgage Expert. All rights reserved worldwide.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1500187455380955840-8233160046341698059?l=armadjusting.blogspot.com' alt='' /></div>Bill Burressnoreply@blogger.com