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Refinancing a mortgage, especially with bad credit, can be an intelligent financial move. Refinancing a mortgage to a lower rate, for instance, can dramatically reduce interest costs. In another approach, a mortgage refinance can be used to pay off other debts, by refinancing with cash out. Taking a loan over a longer term can lower monthly payments, and some loans will allow you to use the valuable equity in your home for whatever you need.

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Random Mortgage Glossary Term

Zoning Ordinances
The acts of an authorized local government establishing building codes, and setting forth regulations for property land usage.
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Online bank touts 3.75% savings rate
Date: 25 Aug 2008 Source: CNN Money Personal Finance Full Story 
Mortgage Rates
Loan ProgramRateAPR
30 Year Fixed6.5%6.523%
15 Year Fixed6.063%6.085%
1 Year ARM5.5%6.99%
6 month mortgage loan trends
Meaning of a `Short Sale’
12/30/2007 - Many consumers are confused by the term “short sale” in real estate lingo. The term usually applies to a home...Read More
Fractional ownerships on rise...
12/29/2007 - Fractional ownership of vacation homes is one of the most rapidly growing segments of the current real estate...Read More
Scathing report on title insurance...
12/28/2007 - Homebuyers are often shocked at the settlement table when they learn how much they must pay for title insurance....Read More
New development for TIC investments...
12/26/2007 - There may soon be a jump in the popularity of Tenant-in-Common (TIC) investments in real property. TIC investments...Read More
Hispanic population growing...
12/24/2007 - The Hispanic population is growing, along with the number of Hispanic home buyers and mortgage applicants. ...Read More
Mortgage tax deductions at...
12/21/2007 - An ominous plan is being proposed in Congress – to eliminate mortgage-interest tax deductions for all houses...Read More
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