abbie
Apprentice
Joined: 17 Oct 2006
Posts: 6
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 Posted: 02/03/08 - 23:15 Post subject: |
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| Mortgage extension is one of the most common ways to lower monthly rates of your mortgage. Getting it is not always as it may seem, and it is not always profitable. However, it is nevertheless an excellent way to fix your current situation, especially if you are expecting your financial capability to improve some time in the near future. Extending your mortgage effectively means restructuring it, which will incur some additional costs for that, and will probably raise your rate a bit, but if you calculate carefully, you can come up with the deal that will suit you. |
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