Is it possible to negotiate with my mortgage company into changing my ARM loan to a 30 year fixed rate type?
by Mortgage Rates on Monday, September 20th, 2010 | 3 Comments
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You can refinance it.
yes. many will do it and not charge you fees but you will pay for it in the higher rate. Typically, no fees/points=higher rate and if you pay fees/points=lower rate. Not always but a majority of the time
You can try, but your chances of convincing them to do that without a refinance are quite slim. You have a legal binding agreement with the mortgage firm. They expect that you will abide by what you signed.