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May 24, 2006

Refinance Mortgage Loans: 30 Year Fixed Rate Versus 5/1

Many homeowners refinance their mortgage on a regular basis, sometimes as often as every four years. Making the decision to refinance a mortgage is a difficult one. Loan applicants should consider the cost of refinancing as well as the length of time they intend to live in the house after refinancing. Homeowners who are not concerned with the potential for an interest rate which may drastically increase after the initial five years may prefer a 5/1

From Refinance Mortgage Loans: 30 Year Fixed Rate Versus 5/1

Posted by Alex at May 24, 2006 10:55 AM