Lender cost worksheet help

[prince143]

44 minutes ago, csrcsr said:

You cam refinance , but mee question ardam kaale bro it will be new loan based on principal balance no? At the time u refu

Lets says i lock 6% in 5/5 ARM  for first 5 years. Down the lane after 2 years rates go down to 4% and I refinance my 5/5 ARM for 4%. Now will my rate be locked at 4% for another 5 years?

[csrcsr]

1 minute ago, prince143 said:

Lets says i lock 6% in 5/5 ARM  for first 5 years. Down the lane after 2 years rates go down to 4% and I refinance my 5/5 ARM for 4%. Now will my rate be locked at 4% for another 5 years?

yes the moment you refinance its a new loan bro for example for name sake 100k initial loan anukondi by 2 years mee principal 90k left 

assuming your hiome retains the value which obviosuly it will 

90k no cash out anukunte and if you take new loan on arm again it will continue for 5 more years