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| Second Mortgage Loans - Costs involved with Second Mortgages |
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When lending money, many mortgage companies will charge a fee. The fee is usually a percentage of the loan, often known as points. A point is one percent of the entire loan, so a point of $200,000 would be $2,000 in fees. If you are unable to come up with the money, you may be able have that added on top of the mortgage loan.
| The costs of second mortgages vary. To discuss the costs of your second mortgage fill out the form below and a Raleigh Mortgage Loan representative will be in contact with you shortly.
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Even a small rate cut can pay off quickly! There are ways to save money by refinancing. We can help if you would like to stay in the house for 1 year to 30 years. We have specific programs designed to fit your needs. Call a representative today to see what program fits you best. More Raleigh Refinance Information
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In one phone call we can get all the information we need to get you prequalified. From there you can see what type of home you can afford. Or Click Here to get prequalified
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| Jumbo Loans |
| A jumbo loan is a loan that does not conform to the rules established by Fannie Mae or Freddie Mac or exceeds the conventional loan limit. Loan to value limits for jumbo mortgage loans range from 50% to 100% depending on the loan amount.
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