With the rates as low as they are today, refinancing can save you lots of money without adding a bunch of money to your balance! I refinanced my personal home and a rental home this way, and I am now saving over $700.00 a month and it only cost me around $4,000.00 total out of my pocket! After 6 months it will be ALL savings!! I knew I was going to have to establish a new escrow account when I refinanced, and I knew I would be getting a check back after closing for the escrow accounts that were already in place, so I used the money I had in my savings to pay the fees involved in the refinance up front, and after closing I put the escrow checks I recieved back in my savings. I also got to skip a mortgage payment on each property and I applied that money to the fees too. All said and done, my loan balance stayed the same and the money I did spend was well worth it!
Author:Cyndi Cobb Phone: 512-564-0381 Dated: June 10th 2013 Views: 1,202 About Cyndi: ...
Now, buyers have a ‚Äúsecond chance‚ÄĚ program designed for borrowers
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