Questions about refinancing home mortgage? ? - no cost refinancing home mortgage
with the Fed to cut rates so low, now would be a good time to refinance in order to reflect on the right side? My mortgage interest rate at 6.25 today, I think we have about $ 95,000 in it. My husband and I have excellent credit quality and have in our house for 5 years. Refinancing would be significantly reduced by your monthly payments, how much it costs to refinance?
Thursday, December 31, 2009
No Cost Refinancing Home Mortgage Questions About Refinancing Home Mortgage? ?
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Stop thinking about "monthly payments". The banks want you to think so. It is only an interest rate of 6.25% if you pay the first year of the loan. Make sure that your payment will be lower, but his Balencie not in the house. Instead of the early payment of the invoice, put extra money in the beginning. Its share of 90% of the monthly payments. Do not pay more quickly, pay extra just the beginning. This custom cut their payments, but also reduce the amount that you owe on your house.
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