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Beginners Guide to Refinancing Your Mortgage What You Should Know Before Refinancing. Getting a new mortgage to replace the original is called refinancing. Refinancing is done to allow a borrower to obtain a better interest term and rate. The first loan is paid off, allowing the second loan to.
Fundamental mortgage Q&A: “How does mortgage refinancing work?” When you refinance your mortgage, you are essentially trading in your.
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Refinancing for Dummies – RefiAdvisor – Mortgage Blog > Mortgage > Refinancing for Dummies. Refinancing for Dummies. by Robert Regehr. A s a homeowner there are many reasons you might consider to refinance your mortgage. These reasons include: lowering your monthly payment, cashing out equity to pay off other bills, save money in.
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Pros and cons of paying cash for a home – pros: stronger negotiating power. Yes, it’s still a buyer’s market, but you can negotiate even better deals by paying cash, says Eric Tyson, the co-author of Mortgages for Dummies. Nabbing a house for.
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