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Benefits
Of Refinancing : |
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1. Refinance to pay off your
1st mortgage and reduce your mortgage rate and monthly payment. |
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2. Refinance to pay off your
1st mortgage and take out some extra cash. |
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3. To pay off your 1st and 2nd
mortgages (excluding home equity lines) and reduce your mortgage
rate and monthly |
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payment. |
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4. To pay off your 1st and 2nd
mortgages (including home equity lines) and take out some additional
cash. |
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5. To pay off your 1st mortgage
and your home home equity line, closing your home equity line
to any further |
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advances. |
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6. To pay off your 1st mortgage
and your home equity line, paying the home equity line balance
to zero but leaving |
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the equity line open
to further advances. |
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7. To pay off your mortgage(s)
and reduce your mortgage term (i.e. refinancing a 30 year to
a 15 year). |
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8. You currently have no mortgage
liens on your property and wish to obtain cash by applying for
a 1st mortgage. |
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9. You currently have a construction
mortgage loan and wish to pay it off and obtain permanent financing.
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