How does refinancing work
mortgage refinancing

How does refinancing work?

Okay, so you have decided to refinance your current mortgage – congratulations! Perhaps you are doing this to save money on your monthly mortgage payment. Or perhaps you are interested in consolidating debt or moving from a 30 year mortgage to a 15 year mortgage. No matter what the reason, you have made a decision to get a new loan…

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mortgage refinancing
mortgage refinancing

What is actually refinancing?

If you have a mortgage, then you already know a little bit about home financing. Most people cannot afford to purchase a home outright. They need to get a mortgage for a good portion of the home. Years ago, mortgages were practically unheard of and those that were made to customers were only made for fifty percent of the price…

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