By: Blue Ray Financial  09/04/2016
Keywords: Home Financing, Fha Loan, Mortgage Closing

If you already have a mortgage, it may make sense for you to refinance. You may be able to take advantage of better rates and terms and potentially save thousands over the life of your loan. When you refinance your mortgage, you’re paying off your old loan and creating a new one. You may even decide to combine both a primary mortgage and a second mortgage into a new loan. You may be able to save money by getting a lower interest rate, changing to different terms (i.e. switch from a 15-year to a 30-year term) or taking cash out of your home’s equity.

Keywords: Fha Loan, Home Financing, Mortgage Closing, Mortgage Expert

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