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tim birkmeier: New York Refinance Booms with Record Low Interest Rates
- 10/01/10 09:29 AM
Now is the best time refinance, there's no doubt about it. Mortgage rates are at historic lows. This has caused a surge in refinancing by New York homeowners. According to NYDailyNews.com, the number of refi applications has received rocketed more than 50% in the past month. Restrictions on qualifying have tightened since the mortgage meltdown. So making sure you qualify is the first step to saving cash with a refinance. "Unfortunately, there are a lot of people who can only read about the low interest rates," said Melissa Cohn, CEO of Manhattan Mortgage Co. "For those who qualify, it's huge." Homeowners
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