Time to refinance? How low can mortgage rates go? Reuters Blogs (blog)
Mark Sass and his wife Jan decided to refinance the mortgage on their Cincinnati, Ohio, home on Friday, just days before the Federal Reserve pledged to keep rates near historic lows through the first half of 2013.
“I knew the Fed statement was coming out and rates had dropped to historically low levels, and it just seemed like an opportune time. I hadn’t even thought about it until then,” says Sass, who owns his own marketing research company.
Their original mortgage had a 20-year amortization period — at a 4.875 percent rate — with 12 years remaining. They are rolling it over into a 10-year mortgage with a 3.5 percent rate. “I was able to knock a couple of years off the term with a very modest increase in the monthly payment,” Sass says. “It seemed like a no-brainer to me.”
Sass and his wife are both 55, so retirement is on the horizon. “The opportunity to look 10 years out and know that – unless things change – we won’t have a mortgage when we retire looked like a smart decision,” Sass says, adding the overall savings on interest by reducing his term will be in the neighborhood of $20,000.
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Fast OH Mortgage Refinance: Ohio Real Estate Refinance Rates
www.HomeMortgage.com HomeMortgage.com makes it easy to consider mortgage refinance in Ohio by providing the best refinance rates! Are you looking ...
what mortgage company has the best refinancing rates in Ohio?
your going to lose more time and money shopping too much, rates are low right now. Pick an honest lender, then shop the rate, if it goes lower ask the lender to lower their rates. I'd advise staying away from brokers, stick with major lenders like your banks, Countrywide, Quicken Loans, DiTech...etc. Get 3 quotes and go with one. Rates are low but starting to rise.
If you have FHA I've found that Chase offers the best rates and you can do a streamline refi and not pay closing costs.
best mortgage ohio rate refinance - News
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Industry Insider Tips from Residential Finance Corp: Clean Up Your ... - Business Wire (press release) Industry Insider Tips from Residential Finance Corp: Clean Up Your Residential Finance Corporation (RFC) is the nation’s premier home mortgage lender specializing in FHA mortgage refinance. Founded in 1997 and now serving |
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Americas Watchdog Endorses American Interbanc As The Best Mortgage ... - PR Web (press release) Americas Watchdog Endorses American Interbanc As The Best Mortgage Typically if not always, American Interbanc has the best interest rates available to homeowners, or consumers wishing to buy, or refinance a home. |
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Mortgage Fraud: A Scourge of the 21st Century? - Insurance News Net (press release) Mortgage Fraud: A Scourge of the 21st Century? FULL TEXT Erica Crum was a loan officer at a mortgage company in Cincinnati, Ohio. In 2005, she was sentenced to 37 months in prison after pleading guilty |
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Will Any Other Republicans Support the Stimulus Deal? - Washington Post Will Any Other Republicans Support the Stimulus Deal? I took out 2 home equity loans one in 2003 and one in 2006 on top of the cash out refi in 2002 because a mortgage broker told me I could refinance out of |
Run the Refinancing Numbers, Then Run Them Again - Atlanta Journal Constitution
Richmond Times DispatchRun the Refinancing Numbers, Then Run Them Again By TARA SIEGEL BERNARD With mortgage rates at tantalizing lows, homeowners are trying to refinance their loans in droves. If you have top-notch credit, Erik S. Lesser for The New York Times Lenders tighten up on refinancing
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