Clement Idahosa

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Mortgage Refinancing Secrets Revealed

Refinancing means applying for a secured loan intended to replace an existing loan secured by the same assets. Refinancing may be done by any issuer of debt, such as corporations and governmental bodies, as well as holders of real estate, including home owners. Many owners of both commercial and residential real estate used certain analysis in their refinancing decisions known as the "2-2-2" rule. What this means is that: if interest rates have fallen two points below the existing mortgage, if the owner has already paid two years of the mortgage, and if the owner plans to live in the house

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