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Low Mortgage Rate Refinance: Get Multiple Free Quotes
Low Mortgage Rate Refinance: Get Multiple Free Quotes
There are many different reasons to seek out a low mortgage rate refinance.
Los Angeles,
CA,
United States of America
(prbd.net)
17/04/2010
There are many different reasons to seek out a low mortgage rate refinance. Before you start shopping around for a new mortgage to replace your old one (which is essentially what "refinancing your mortgage" means) you should decide exactly what you want to accomplish by refinancing.
www.mortgagerefinance.fm
Once you determine your objectives, you can sit down with a reputable lender and explain your goals. The lender will have a much better idea of the financial products that will suit your needs if he knows your intent.
Top Reasons to Refinance a Mortgage
Lower Monthly Payments
One of the most common reasons for a low mortgage rate refinance is to lower your monthly payments. There are two ways to accomplish this — lengthen the term of your mortgage or lower the interest rate of your mortgage.
You’re most likely to qualify for a lower interest rate if your credit rating has improved considerably since your original (or current) mortgage. If you’ve been paying steadily on your mortgage without missing or being late on a payment for at least two years, and if you have kept other bills and accounts current as well, there’s a good chance that you’ll qualify for a mortgage refinance at a lower interest rate. This is an ideal situation, since you’ll also save money in the long term if you can refinance to a lower rate.
To get free mortgage refinance quotes, please visit Mortgage Refinance at:
www.mortgagerefinance.fm