5 Facts to Consider When Refinancing a Mortgage

Many buyers passed on the opportunity to lock in at fixed rates and gambled on the lower payments afforded by adjustable rate loans in order to buy either larger or more expensive homes. The sixteen increases in the Federal interest rates since 2004 are about to have a dramatic effect on those buyers, Unfortunately, many of whom many find out that they can no longer afford to pay for the homes in which they live.

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5 Facts to Consider When Refinancing a Mortgage.

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