When did the ARM part expire? It is never excellent to let the ARM expire without locking in a fixed rate, the new rate is nearly always higher than the initial rate, which is typically above the current rates for a 30 yr fixed, or even another similar ARM. How long ago did you get this loan? What percentage of equity do you have in your home (PMI falls off after 22% ownership, but you can request to have it removed after 20% owenership)? These are all questions your mortgage person should be asking you. I am a mortgage BANKER and am more than willing to help out if you have any questions. Feel free to email me for further guidance.

Edit: JPN I am trying to answer to you but YAHOO says your email has not been confirmed, please email me at my office… jared@chicagobancorp.com