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| Refinance - Paying Points For a Lower Rate |
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When trying to get a lower mortgage rate, there are a few things you need to take into consideration. One way to lower your rate is to pay a higher refinance charge, or pay more points to your mortgage loan. If you receive a mortgage loan for $300,000 dollars at 2 points, you'd pay $6,000 in refinance charges. If you determine that you want a lower interest rate, you can go with a three point loan, which will add up to about $9,000. That may seem like a lot, but will save you month to month in interest rates. At Raleigh Mortgage Loans we can help you with the mortgage rate solution that will fit your needs best.
At Raleigh Mortgage Loans we can help you with the mortgage rate solution that will fit your needs best. Simply fill out the form below and we will contact you with more information on refinancing.
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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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