Refi time

codeman671 · 08-18-2010, 01:42 PM

With the rates as low as they are now we have decided it would be a great time to refinance the island. We originally built with a 6.25% 30 year fixed. Being on an island, your typical conventional programs do not apply. Almost all of the banks I have talked to are either offering 5/1 ARM programs (which I have never done), or no solution at all.

Has anyone financed or refinanced an island property lately that can share their experience?

08-18-2010, 01:42 PM	#1
codeman671 Senior Member Join Date: Jan 2005 Posts: 3,544 Thanks: 222 Thanked 829 Times in 500 Posts	Refi time With the rates as low as they are now we have decided it would be a great time to refinance the island. We originally built with a 6.25% 30 year fixed. Being on an island, your typical conventional programs do not apply. Almost all of the banks I have talked to are either offering 5/1 ARM programs (which I have never done), or no solution at all. Has anyone financed or refinanced an island property lately that can share their experience?

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