I'm in the process of refinancing my own home. Yes, I admit it. I took out a 5/1 ARM when I bought the place and, guess what? The ARM is set to readjust in September. Rather than wait until rates go back up, I'm doing it now. Besides, my wife is nagging me about doing a 30 year fixed and we'll roll our equity line into the first trust so it'll just be one, big happy payment. Actually, it'll save a couple of bucks per month.But, here's the thing. I was talking to my favorite loan officer (actually the same guy who did the original loan) and told him what I thought the home's value might be and he did a quick look see at Zillow and said it was worth $50,000 more!! Of course, a real appraiser will come out to look at it but it got me to thinkn'. So I looked up a couple of listings ...
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