interest rate: Is Refinancing Your Home Right for You?
- 02/05/09 09:19 AM
Economic times seem troubling. But they don't have to be, not for everyone! Mortgage rates are low and can be translated into super savings for borrowers who qualify. But there are some things you must know before you decide whether or not to refinance in the current market! Before you even consider refinancing, you have to think about what you are refinancing. Many Americans have lost all of their equity, Zillow estimates that 1 in 7 American homeowners have negative equity in their homes. Generally, you will need at least 3 percent equity in your home to refinance. If you do … (0 comments)
Economic times seem troubling. But they don't have to be, not for everyone! Mortgage rates are low and can be translated into super savings for borrowers who qualify. But there are some things you must know before you decide whether or not to refinance in the current market!
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