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December 11, 2006
Financing Strategies: Shorten Your Term with Cash
Many purchased properties while prices were rising and even though rates were at historic lows, they chose adjustable rate mortgages in order to increase cash flow when they purchased or refinanced. First, although the Federal Reserve has raised short-term interest rates, long-term rates are still historically low. For example, if your adjustable has moved to 6.5% and the rate for fixed rate mortgages is 6.5%, your refinance into a fixed rate will lock in this rate and protect you from future
From Financing Strategies: Shorten Your Term with Cash
Posted by Bob at December 11, 2006 02:31 PM
