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The Last Refinance Boom is upon us |
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Written by Rb
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Thursday, 15 July 2010 00:00 |
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Troubled stock markets continue to do wonders for the bond markets, which in turn is providing for some of the lowest home interest rates we've ever seen. Currently homeowners are rushing to lock in their rates on today's lower fixed rates, and with good reason. Why do this? Great question, refinancing your home is an ingenious way to lower one of the largest liabilities the average household may have... "The mortgage payment". To date we have refinanced thousands of indiviuals and in some instances have saved homeowners up to $300/month. Of course the savings are going to be different for each home owner and contingent upon your given set of circumstances, but we are more than happy to help you crunch the numbers. As a rule of thumb, refinancing your home makes since if you can reduce your interst rate at least 1.5% or > . An added benefit to refinancing is that you can lower your term simultaneously while capturing a lower rate such as a 20 year, 15 year, or 10 year term. And remember for those whom currently hold FHA notes, we can still coordinate an FHA streamline refinance, significantly reducing needed paperwork to coordinate your loan. Also, at current time we are still coordinating Texas Home Equity Cash Outs. Your options are limitless with Oakwood Financial Corp and we guarantee to beat our competitors closing cost and/or interest rate. Contact us today for a free no hassle consultation. Trust us, it will be worth your time and efforts. A 7 minute call could you save you $1000's over the life of the loan. But i urge you, hurry... interest rates are on the precipice of rising here soon.
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Last Updated on Thursday, 15 July 2010 22:59 |