mortgage rate cary: Time to Refinance?
- 01/02/08 10:15 PM
If you closed on your mortgage loan with National Mortgage in May of 2005 or May of 2003 - you are probably going to get a call from me in the next week. It's time to consider refinancing your home, because your mortgage will reset in the next 60 days. WHAT DOES THAT MEAN?? When your mortgage resets it means that the payment is going to change. If you have a 4.5 percent interest rate (and many of the 3 and 5 year arms had those start rates) the mortgage holder will take your Index and add the Margin and then calculate
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