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I think the long term effects of these actions will be beneficial but there is also a great short term benefit.... Refinance now and save $$$$$. If your current mortgage interest rate is in the middle 5% range or higher, then you need to take a serious look at refinancing.
If you obtained a $150,000 30 year mortgage 2 years ago at the rate of 6% then your monthly payment should be around $900/mo for the principal and interest (not including taxes and insurance). If that same loan could now be refinance to a rate of about 5% your payment drops to around $805! You save about $1100 a year for the rest of the life of your mortgage!
The interest rate, closing costs, loan type etc., will all depend on your current loan and your own personal situation. Go ahead and fill out the quick questionnaire below and lets take a look to see if refinancing could be a good option for you.
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CALL ME DIRECT: 770-656-9134
Buy a home, Sell a home, in Powder Springs, Marietta, Kennesaw, Acworth, Smyrna, Dallas, Hiram,and Cobb, Paulding, Douglas, North Fulton, South Cherokee, County, Ga. Call me for all of your real estate needs.
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