15 year fixed rate mortgage rates
 15 year fixed rate mortgage rates
15 year fixed rate mortgage rates

 

You can even obtain a refinance rate home loan to shorten the duration of the repayment schedule.

However, most experts warn that you make sure that the current interest rate is at least 1% less than the current rate in order to obtain the maximum benefit from the lower rate.

Companies now offer borrowers with fixed rate loans in the range of 6.5%, a golden opportunity to refinance a fixed 6% loan without load for origination fee.
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This will also improve your credit rating, making you more qualified for a lower interest rate for your refinancing.
And really low refinancing rate available in the market today makes mortgage refinance a lesser devil to tackle than usual.

Home equity is the difference between what you owe on your mortgage and what your home is worth.