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Learn more about mortgage refinancing and get all the facts you need to know when restructuring your home loan.
With the recent collapse of the U. S. Financial markets, obtaining a home mortgage can now be quite a chore. Long gone are the days where a 620 FICO score, verifiable income, and a promptly paid previous or current home mortgage were just about all you needed to get a new mortgage. We are truly in a different world when it comes to finance.
A mortgage refinance refers to the replacing of an existing debt with another debt obligation that has different terms.
Are you buying a house in this frenetic real estate market? You had better be prepared to bring a boatload of money to the closing table because attempting to secure a mortgage in this market is going to cost you.
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