I have worked in the mortgage industry for over 4 years in collections, loss mitigation, and REO and if you have an ARM loan you need to refinance as quick as you can. I don’t want you to loose your house like so many other. An ARM loan interest rate never goes down and normal goes up every 6 months. Before to long you are not going to be able to afford you home or you will be house poor. The biggest mistake that most people make is that they don’t try to refi until they are in the process of being foreclosed on, but by then their credit is bad and they are unable to refinance. So get out of that ARM loan while you can. For more information about lending tree and other real estate resource you can visit http://www.houselistedfree.com/