Newsroom /
Finance
/
Finance
/
Low Mortgage Rate Refinance: The 411
Low Mortgage Rate Refinance: The 411
A low mortgage rate refinance is closer than you think.
Los Angeles,
CA,
United States of America
(prbd.net)
19/04/2010
In simple terms a refinanced mortgage is one where a borrower repays a previous loan by taking a new one. The typical motive behind a refinance mortgage is to get a lower interest rate, lowering monthly payments (hence the term "low mortgage rate refinance"), or to take cash out of home equity. A mortgage refinance refers to taking a secured loan to replace the existing loan that is secured.
www.mortgagerefinance.fm
There are several reasons that people to opt for low mortgage rate refinance. For instance:
1) A low mortgage rate refinance reduces the interest rate on a mortgage. It not only minimizes EMIs or monthly installments but also brings down the total amount that needs to repaid.
2) Another feature of low mortgage rate refinance is the reduction in the tenure of the loan, which is a great money saver.
3) Low mortgage rate refinance is a smart idea to consolidate the amount you need to repay.
4) A low mortgage rate refinance provides cash in hand. You can draw on equity built up in the home.
A low mortgage rate refinance is closer than you think. To learn more and get free multiple quotes, please visit Mortgage Refinance at:
www.mortgagerefinance.fm