Approximately 10% of current outstanding mortgages will reset in the next few years with majority of them in mid 2011. Depending on borrowers income and property valuation, refinancing may or may not be an option. ARM applications peaked at 36% in 2005 to currently at 6% as borrowers shift to a 30 Year Fixed loan.
Pacific Coast Financial, LLC 7900 E Green Lake Dr. North Suite 212 Seattle, WA 98103 Phone: 206.393.0684 Fax: 1.866.663.6553 email: info@pacificcoastfin.com NMLS-78982
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