I’m not sure if you can grasp this fact – 1 in 3 borrowers do not know the kind of loan they have.

Since millions of borrowers during the past 5 years have been unknowingly given teaser loans with adjustable rates, it’s imperative that you find out if you were one of the unlucky ones told that they had a fixed loan; but truthfully it was a loan that was fixed for only 2, 3 or 5 years before it would adjust higher.

If you are interested in a loan analysis, I’m interested in helping homeowners like yourself find out the important details of their loans, so you can decide if you need to take appropriate action. The analysis is free of charge.

Just so you know, if you have an adjustable loan this is a great time to refinance as interest rates on fixed mortgages are at very attractive rates. As a matter or fact they might be as low, or lower than the adjustable loan that you presently have.

Even if your loan amount is over $417,000 and under $729,000, now is also a great time for you to move out of your adjustable loan. Special rates have been set up for borrowers within these loan amounts.

However, beware of your prepayment penalty. More than likely, you have one. Part of my free analysis will be to include the prepay penalty into the calculation to see whether it is in your best interest to refinance immediately or wait instead until the prepay penalty has expired.