Real estate blog entries tagged with 15 year by Eleanor Thorne 919-649-5057 Cary Mortgage Loans (Steve Thorne NC Mortgage Experts)

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Home : Blogs : Eleanor Thorne 919-649-5057 Cary Mortgage Loans : Eleanor's RTP Blog : Tag "15 year"

15 year: 4 Reasons Why You Should Refinance Anyway... - 08/17/09 10:56 AM

Why you might need to refinance:
#1: If you have an equityline - you should probably get rid of it if you can. Equity Lines allow you to pay interest only. I've been a mortgage lender for years, and people "want" to pay the equityline down, but normally they don't. In our area, the maximum FHA loan is $295,000. If you have a 1st mortgage at 5.625%, you might think it doesn't make sense to refinance with rates in the low 5s (today) - but if you look at the EQUITYLINE (or second mortgage) you have - then we might be saving … (2 comments)

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Eleanor Thorne 919-649-5057 Cary Mortgage Loans

Cary, NC

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