ARM loans question.
Is it hard to switch from an ARM loan to a conventional 30 year fixed? I know the rates for an ARM can change, but what goes into determining that increase over time? Can it literally go up any amount the lender chooses?
Is it hard to switch from an ARM loan to a conventional 30 year fixed? I know the rates for an ARM can change, but what goes into determining that increase over time? Can it literally go up any amount the lender chooses?