Our analysis for 2002, indicates that the average refinanced mortgage has an interest rate about 1 1/8 percentage points lower than the original mortgage, freeing up even more consumer funds than had initially been thought. Had this extra source of cash not been available, it would be safe to say that the national economy would have been in much worse condition.
If it didn't work, you would know. Truth is, home refinancing has been the number one economical mainstay through our recently troubled economy.
A few moments of your time could save you thousands over the life of your loan! What are you wating for?
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