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    (This designation indicates the duration of the fixed interest

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    If you’re only planning on staying in your home for five to seven years and need to refinance your mortgage, an Adjustable Rate Mortgage could save you thousands of dollars. In the short term, your risk of payment shock is very low and you can avoid the higher cost of a fixed rate mortgage loan. Here are several tips to help you decide if Adjustable Rate Mortgage refinancing is right for you.

    The less time you plan on keeping your current home, the more you will benefit from an Adjustable Rate Mortgage. You can almost always find Adjustable Rate Mortgages that cost less than 30 year fixed interest rate loans if you’re selling within seven years. You can usually find very good deals with 5/25, 7/23 adjustable loans.

    (This designation indicates the duration of the fixed interest r

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    s of dollars. In the short term, your risk of payment shock is very low and you can avoid the higher cost of a fixed rate mortgage loan. Here are several tips to help you decide if Adjustable Rate Mortgage refinancing is right for you.

    The less time you plan on keeping your current home, the more you will benefit from an Adjustable Rate Mortgage. You can almost always find Adjustable Rate Mortgages that cost less than 30 year fixed interest rate loans if you’re selling within seven years. You can usually find very good deals with 5/25, 7/23 adjustable loans.

    (This designation indicates the duration of the fixed interest

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    to help you decide if Adjustable Rate Mortgage refinancing is right for you.

    The less time you plan on keeping your current home, the more you will benefit from an Adjustable Rate Mortgage. You can almost always find Adjustable Rate Mortgages that cost less than 30 year fixed interest rate loans if you’re selling within seven years. You can usually find very good deals with 5/25, 7/23 adjustable loans.

    (This designation indicates the duration of the fixed interest

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    from an Adjustable Rate Mortgage. You can almost always find Adjustable Rate Mortgages that cost less than 30 year fixed interest rate loans if you’re selling within seven years. You can usually find very good deals with 5/25, 7/23 adjustable loans.

    (This designation indicates the duration of the fixed interest

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    within seven years. You can usually find very good deals with 5/25, 7/23 adjustable loans.

    (This designation indicates the duration of the fixed interest rate period. In the previous example 5 and 7 years, followed by the frequency of adjustment after the fixed period: 25 and 23 months)

    These types of Adjustable Rate mortgage offer a fixed introductory rate for the first five or seven years that is much lower than the prevailing 30 year fixed mortgage rate. At the end of the introductory period the lender will adjust your interest rate and monthly payment at regular intervals specified in your mortgage contract. If you plan on keeping this loan make sure your caps are structured properly to reduce your risk.

    Caps on Adjustable Rate Mortgages come in three varieties. Perio

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