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Refinancing Options For Your Greenville NC Real Estate
Because of the current lower interest rates, many mortgage experts are advising homeowners to consider refinancing their existing mortgages as a way to
1). decrease the amount of their monthly mortgage payments
2). reduce the duration of their current loan, or
3). provide money for home improvements or other expenses. Interested? Read on...
Before you rush into refinancing your Greenville NC real estate, be aware of two key strategies that will benefit you. The first is KNOWLEDGE. Carefully investigate the pros and cons of different refinancing features such as interest rate, closing costs and fees, and the term of the loan. Determine the purpose of your refinancing and the amount of savings and/or money you hope to gain from it. Examine your personal financial situation--now and in the future--to identify the best option for you.
Since refinancing is all about numbers, you will want to see figures in black and white before beginning the refinancing process. Online sources allow you to input your information re: the amount of the mortgage, the interest rate, the term of the loan, and fees to calculate your monthly expenditures and savings.
Research the advantages and disadvantages of a fixed rate and an adjustable rate mortgage ... more

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