Who Says You Can\'t Buy a Home! Usually, when borrowers want to restructure their mortgages – go from a fixed-rate to a variable rate, for example – they have to refinance, an onerous, expensive process. There are new [tag]closing costs[/tag], legal fees and title search and insurance fees that could add thousands of dollars to the mortgage principals. But the new product from [tag]Washington Mutual[/tag] (Charts, Fortune 500) (WaMu), called Mortgage Plus, gives customers the ability to switch the type of loan they have without going through a refinance. Say that originally, a family is planning to spend only a few years in their new house – they may choose a low, [tag]variable rate loan[/tag]. They plan to sell the home and move before rate resets to higher one.

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