If you haven’t refinanced lately, it is time to consider taking advantage of low rates. According to an article on Mortgage News Daily there were over 8 million properties that are considered to be refinanceable in June 2019.
The article defines refinanceable as a loan where the borrower can qualify for a new loan with a credit score of 720 or higher and a maximum of an 80 percent loan to value (LTV) ratio AND could shave at least 75 basis points off of their current loan through refinancing.
Refinancing can save you a lot of money on your mortgage loan!
Read the complete article here: Recent Rate Cuts Bolster Refinance Pool. http://www.mortgagenewsdaily.com/08092019_refinancing.asp
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