Investors Daily

When you have decided that the refinance option is the best thing that you can do, make sure you have tried looking at the issue from all angles. If you have not yet done this particular exercise, it would be better for you to do it as quickly as you can. If you do not look at the problem in a holistic way, you may be getting yourself into a real big soup. Therefore when you are thinking of  refinance , the most important thing is caution. You cannot be overcautious about this. So, do not hesitate to ask.

 Here's what the Federal Reserve Chairman, Ben Bernanke said a few days ago "Some 2 million homeowners are due to have their adjustable rate mortgages, or ARMS, reset over the next year and risk losing their homes."

Can you rest assured the Administration will enact legislation that will freeze rates for the next 5 years which is what Hillary Clinton proposes amongst other things to avert the current fiscal crisis in the US?

No? And that's why you need to refinance your adjustable rate mortgage 

Well then, you need to call your banker right now and find out what your options are.

And if he won't or can't help you, you need to find another lender who is willing to refinance your adjustable rate mortgage and get you in to a fixed rate mortgage with a rate locked for the next 30 years.  Since rates are as low as they have been in the last two years, this is likely a good deal for you.

Don't waste any more time. 

Get on the phone.

Now!