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Loan Modification

: The Truth About Mortgage.com

More Refinancing Borrowers Go With Shorter Terms

By scot184

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Of borrowers who refinanced a 30-year fixed-rate mortgage, a whopping 32 percent opted for a shorter term loan, such as a 15-year of 20-year fixed loan product, according to mortgage financier Freddie Mac‘s fourth quarter Product Transition Report. It was the highest such share since the first quarter of 2004. Meanwhile, 70 percent of borrowers [...]

Full post as published by The Truth About Mortgage.com on February 16, 2011 (boomark / email).

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