Sunday, August 26, 2012

Refinancing mortgage for shorter term can bring huge savings ...

Refinancing into a lower rate and shorter term may not save any money immediately. But you could save a bundle in interest over the life of the mortgage.

Most people refinance to save money. That usually means jumping to a lower rate. But you also can save big bucks by trimming the term of your loan, possibly at the very same low rate.


Source: http://www.realestateclubla.com/real-estate-news/la-times-real-estate/refinancing-mortgage-for-shorter-term-can-bring-huge-savings-2/

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