![]() For example, they may have secured their mortgage when rates were higher, or perhaps a lower credit score at the time of their loan application resulted in a high-interest mortgage.Įxplore your mortgage refinancing options here now to see if it makes sense to act.The total amount is $417,888.12 after 15 years. Still, some homeowners may have higher interest rates on their existing mortgages than lenders currently offer. Again, this may not be an option for many homeowners. ![]() Homeowners with adjustable rate mortgages (ARMs) who face the potential of fluctuating monthly payments might consider transitioning to the stability of a fixed-rate mortgage.
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