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Do
you want an adjustble rate loan?
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Do
you want a fixed rate loan?
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Do
you want a lower monthly mortgage payment?
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Do
you want to take cash out of your home's equity
to remodel, buy a car, pay tuition,
(or for any other reason)?
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Do
you want to consolidate your high interest credit
cards and debts into one low rate refinance payment?
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Is
your current mortgage over $100,000?
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Do
you have any other questions about refinancing?
If
you answered "YES"
to any of these questions, you need to ACT NOW! You
may qualify for a low rate refinance loan in an instant.
Now
is a great time to apply for a low rate refinance loan.
When
you refinance your mortgage with a lower interest rate
(also called a "low refinance rate") you can
pocket hundreds, even thousands of dollars every month,
every year, and over the life of your loan. This is
how:
Let's say
you have a 30 year mortgage loan with a principle balance
of $200,000 and an interest rate of 8.75%. Not including
taxes, insurance, and miscellaneous fees, your monthly
payment will be approximately $1,573/month. If you refinance
your mortgage with a low refinance rate of 5%, your
monthly payment will drop to approximatly $1,073/month.
This low refinance rate would allow you to get $500
back in your pocket every month. This $500 monthly savings
could be applied to your other expenses or placed in
an interest bearing savings account. This rate decrease
would translate into $6,000 a year that would not have
to be paid in interest. In this example, the interest
savings is $180,000 over the life of the loan. That's
a lot of money!
Of course
every situation is different, but as a simple example
this is the kind of savings that people are getting
every day by refinancing their mortgages with lower
rates.
The mortgage
industry is changing once again and it is smart to take
advantage of these changes. Talk to a mortgage professional
about the low refinance rates that are available today.
You may be surprised at just how much you will be able
to keep in your pocket. You have earned your money.
Don't just give it away. Get started now.
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