• Should You Refinance Your Mortgage?

    10 days ago - By RIS Media

    Sometimes people take out a mortgage and are forced to accept less-than-favorable terms because of a low credit score or a high debt-to-income ratio. In other cases, homebuyers choose a mortgage that has a fixed rate for a specific number of years and then convert to an adjustable rate. That can save money in the short term, but when the interest rate is recalculated, monthly payments can skyrocket, causing homeowners to struggle to meet their obligations.
    If you've been having trouble covering your monthly mortgage payments, refinancing the loan could be the solution. Refinancing could...
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