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Loan Modification

: The Truth About Mortgage.com

Refinancing Borrowers Going with Shorter Loan Terms

By scot184

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More homeowners are opting for shorter loan terms when refinancing, according to mortgage financier Freddie Mac. During the second quarter, 30 percent of borrowers who originally had 30-year fixed-rate mortgages went with 15-year or 20-year fixed-rate loans, the highest level in six years. ?If the borrower had a 30-year fixed rate loan at a 6.5 percent interest [...]

Full post as published by The Truth About Mortgage.com on August 11, 2010 (boomark / email).

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