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Articles
and F.A.Q.'s
What
do you look for when shopping for a home mortgage?
If you decide
to refinance your mortgage, shopping around by calling several lending
institutions to ask each one what interest and fees they charge
will help you get the best deal available. Also ask each about their
"annual percentage rate" (APR) and compare them. The APR will tell
you the total credit costs of the refinancing, including interest,
points, and other charges.
Remember, you
do not have to refinance your mortgage with the same lender that
provided your original mortgage. However, to keep your business,
some lenders will offer their original mortgage customers the incentive
of lower mortgage interest rates, sometimes with reduced closing
costs.
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