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Icon Mini Profile marklavender1





Joined: 13 Sep 2009

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Post Posted: Tue Oct 06, 2009 5:28 am    Post subject: mortgage
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Is it a good idea to modify your loan rather than refinance to cut down the closing cost? Especially if your are trying to reduce interest and lesson years to pay.
Icon Mini Profile leeelliot61





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Post Posted: Tue Oct 06, 2009 9:52 am    Post subject:
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Refinancing can be done for:

Getting reduced interest rate
Reducing mortgage term
Merging two or more loans taken against same proerty

Loan modification
it is done to make loan affordable and to avoid foreclosure.
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