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  • Casual Articles - Nevada Refinance Loan – Should You Refinance Your ARM?

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    Homeowners with an adjustable rate Nevada mortgage seem to be suffering from a case of refinance fever—and for good reason. The monthly cost of funds index (CFI) for the 11th district, which includes Nevada has went from 2.757 only a year ago to 4.177. This increase has been huge for homeowners whose interest rates follow this index and others like it. The high rate increase has caused a significant hike in mortgage payments a
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    Last month we looked at what you need to do before you spend money on marketing brochures, a website, advertising or even go out to network. During Phase 1, it’s all about crafting your message. Key steps include getting
    refinance fever—and for good reason. The monthly cost of funds index (CFI) for the 11th district, which includes Nevada has went from 2.757 only a year ago to 4.177. This increase has been huge for homeowners whose interest rates follow this index and others like it. The high rate increase has caused a significant hike in mortgage payments a
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    th district, which includes Nevada has went from 2.757 only a year ago to 4.177. This increase has been huge for homeowners whose interest rates follow this index and others like it. The high rate increase has caused a significant hike in mortgage payments a
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    increase has been huge for homeowners whose interest rates follow this index and others like it. The high rate increase has caused a significant hike in mortgage payments a
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    s like it. The high rate increase has caused a significant hike in mortgage payments and many borrowers with an ARM are looking for a way out.

    Why Refinance?

    If your mortgage payments already seem unaffordable and you fear that things are only going to get worse, refinancing to a more dependable fixed rate loan could take off some of the pressure. Even though interest rates are at a four-year high in Nevada,

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