Mortgage refinancing is a common financial process where a borrower allows a new lender to buy out an existing mortgage in exchange for a new mortgage with altered terms. Refinancing can be a costly process due to a variety of fees like legal fees and home appraisal fees. There are, however, several circumstances where refinancing can be beneficial despite the cost.
This entry was posted by admin on June 10, 2012 at 9:49pm. It is filed under Real Estate.
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