Refinance ARM to Fixed Rate in California
★ ★ ★ ★ ★
- 5-Star Rated Mortgage Broker
- Refinance to 10, 20, 25 or 30-year fixed loan
- 100% Loan Process Assistance
- Residential and Commercial Loans
- Office located in Los Angeles
What type of property are you refinancing?
Single Family
Multifamily
Condominium
Townhouse
How will this property be used?
Primary Residence
Vacation Home
Investment Property
Estimate credit score
Excellent 770+
Good 660-719
Avg. 620-659
Below avg. 580-619
Poor <579
What type of property are you purchasing?
Single Family
Multifamily
Condominium
Townhouse
Are you a first-time home buyer?
Yes
No
How will this property be used?
Primary Residence
Vacation Home
Investment Property
Estimate credit score
Excellent 770+
Good 660-719
Avg. 620-659
Below avg. 580-619
Poor <579
Final Step
By clicking "Get My Quote" you certify that you read and completely agree with the Privacy Policy
Summary
| Description | Information | Quantity | Price |
|---|---|---|---|
| Discount : | |||
| Total : | |||
Switching from ARM to Fixed Rate Mortgage
When interest rates are low, many homeowners reap the benefits of the adjustable-rate mortgage. However, the situation may change as rates rise, your monthly payments can increase. In this situation, refinancing ARM to a fixed mortgage rate can be a smart option.
If you consider refinancing to a fixed mortgage rate, our professional mortgage team will assist and guide you throughout Los Angeles and across California.
What Is a Fixed Mortgage Rate?
As the name implies, with the fixed mortgage rate you pay the same interest year after year for an agreed length of time. Typically, the duration of the mortgage is 30 years. This is the most uncomplicated mortgage available today, which attracts borrowers because they eliminates concerns about rate increases.
If market rates rise, your payment stays the same; if they fall, you can refinance again. If you want a bit higher mortgage may be worth paying slightly more for predictable stability.
Have Questions? Reach us out.
In-Person at LA Office
1810 W Burbank Blvd #150, Burbank, CA 91506
Cell-phone
M-F 10 AM-5 PM (PST)
On-line
Simply e-mail or use online-chat
The Benefits of Refinancing from an ARM to a Fixed-Rate Mortgage
Stable Mortgage Rates
If interest rates increase, this doesn’t influence your mortgage payments. This provides long-term stability and protection against rising rates.
Efficient Budget
Your budgeting will be more efficient. Knowing your exact monthly payment makes it easier to manage your budget.
Various Loan Terms
You can choose various loan terms. When you refinance to a fixed rate mortgage you can select 15, 20, 25, or 30 years based on your goals.
Cash-out refinance
When you change from ARM to a fixed rate mortgage, you can use your home equity to get cash for college tuition, home upgrades, or debt consolidation.
Refinance Process: Adjustable-Rate to Fixed
4 Easy Steps to Your Stabile Rates
Step 1 - Pre-Qualification
Talk to us to know your options.
Step 2 - Start Loan Program
We Shop – You Choose.
Step 3 - Pre-Approval
Get a loan approval on the terms you want.
Step 4 - Closing
Your goal is achieved!
How to Refinance from ARM to a Fixed Mortgage
There are several conditions for refinancing to a fixed-rate mortgage:
1. Check for a prepayment penalty.
Confirm whether your current loan charges a fee for early payoff.
2. Verify your home equity.
You’ll typically need at least 5–10% equity in your property to qualify.
3. Consult our mortgage team.
We’ll review your ARM, calculate potential savings, and help you switch to a fixed rate that fits your budget.
Refinance ARM to Fixed in California FAQ
What does refinancing from an ARM to a fixed-rate mortgage mean?
Refinancing from an adjustable-rate loan to a fixed-rate one means converting an existing loan with fluctuating interest rates into one with a constant interest rate for its whole duration. This switch eliminates the likelihood of future rate adjustments, giving way to consistent monthly payments and more predictability.
Why should I consider refinancing from an ARM to a fixed-rate mortgage?
Refinancing to a fixed-rate mortgage can offer several advantages:
- Rate stability: The fixed rate of interest is locked, preventing future increases.
- Predictable payments: Your monthly payments will remain unchanged over the loan term.
- Peace of mind: Removes financial uncertainty from unexpected rate hikes.
What credit score is needed to refinance from an ARM to a fixed-rate mortgage?
Most lenders prefer a credit score of 620 or higher. You may get a better interest rate if your credit score is higher. Improve your score by paying down debt and correcting errors before applying.
When is the best time to refinance my ARM into a fixed-rate mortgage?
Refinancing is most beneficial when:
- Rates are low: Lock in a fixed rate while market rates are low.
- Adjustments loom: Refinance into a fixed rate before the interest rate on the ARM adjusts significantly upward.
- Financial stability: Refinance when your income is stable and you can afford closing costs.
How long does it take to refinance an ARM to a fixed-rate mortgage?
The refinancing process typically takes 30 to 45 days from application to closing. Property appraisals, income verification, and lender workload can influence this timeline. Digital submission of documents may shorten the timeline.
What costs should I expect when refinancing from an ARM to a fixed-rate mortgage?
Expect costs similar to your initial mortgage closing, including:
- Appraisal fees: To determine the current value of your house in the market.
- Credit check fees: To conduct a verification of creditworthiness.
- Origination fees: For processing your new loan.
- Title services: To ensure clear title ownership.
Will refinancing impact my ability to sell my home in the future?
Refinancing rarely precludes selling, but check your mortgage documents for early repayment penalties. A fixed-rate mortgage with attractive rates and stable payments can make your property more appealing to buyers.
How can I decide if refinancing to a fixed-rate mortgage is the right choice for me?
Consider these key factors:
- Current and future rates: Compare your ARM’s adjustable rate to current fixed-rate offers.
- Loan term: Choose whether increasing or reducing your loan term will be better for you and suit your financial goals.
- Budget: Make sure the new monthly amount is comfortably within your budget.
Consult a mortgage advisor to find the option that aligns with your long-term goals.
GET IN TOUCH
OUR BUSINESS LOCATION
FOLLOW US
