Types of Refinance Mortgages I
Sunday, October 26th, 2008There are several different types of refinancing and each addresses one or more particular goal.
Rate Refinancing
The most common type of refinancing is a rate refinance. This is where someone wants to replace his current mortgage with a new one that has a lower rate.
Mortgage rates move about in swings. First they’re on an upward trend for a while, then they stabilize, then they move back downward, following national economic trends.




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