As a Realtor In Eastvale, CA, I have helped many of my clients obtain a real estate loan. In the past, when real estate prices were rising dramatically, many of my clients would get a 5/1 ARM loan and plan on refinancing in a few years when the prices went up. As a Realtor In Eastvale, CA I noticed that the home prices have topped out and the borrowers were not able to refinance out of the 5/1 ARM. The problem was that their loans capped in some situations at 12% and they were unable to refi the rate because the loan to value was more than 100%. This left many homeowners unable to pay for their mortgage payments, there putting backs in a bad situation. As a Realtor In Eastvale, CA, I suggest homeowners do not use their homes as piggy banks, rather a home for their family. You should always speak with a mortgage lender for valuable information regarding real estate finance. My name is Ryan Holtz, and I`m a Realtor In Eastvale, CA.
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