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Mortgage
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Home Refinance Basics
With the continued appreciation in home values, you can still obtain both a better rate and lower payments when refinancing. Interest rates remain at historic lows; request a free no-obligation quote from a home loan specialist now.
Refinance Loan Definition:
Paying off an existing loan with the proceeds from a new loan, usually of the same size, and using the same property as collateral. In order to decide whether this is worthwhile, the savings in interest must be weighed against the fees associated with refinancing. Other reasons to refinance include reducing the term of a longer mortgage, or switching between a fixed-rate and an adjustable-rate mortgage.
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