If you want to refinance your Vero Beach mortgage, a few key things are going to be expected of you. Find out what is expected if you want to refinance your Vero Beach mortgage in this video…
Homeowners who did not refinance when interest rates dropped missed out on an estimated savings of $11,500, according to the National Bureau of Economic Research.That's based on a random sample of outstanding U.S. mortgages in December 2010. Approximately 20 percent of homeowners who would have benefited from refinancing failed to do so..
The report called it "a particularly large consumer financial mistake."
When refinancing, most people do so in order to shorten the term of their Vero Beach mortgage. Should you choose a 30-year fixed rate mortgage, or a 15-year fixed rate?
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We have more tips and articles that cover the advantages and disadvantages of these two popular options when it comes to getting a Vero Beach mortgage by clicking on the Vero Beach Mortgage Info link to your right under Vero Beach Real Estate Categories.
