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Save money with a refinance mortgage loan

April 17th, 2009

Save Money With a Refinance Mortgage Loan – If you took out a fixed-rate mortgage several years ago and interest rates have since dropped, refinancing may lower your payments considerably. A $150,000 mortgage with a 30-year term and a rate of 8 percent, for example, carries a monthly payment of $1,100. The same mortgage at 6 percent will have a payment of less than $900 a month. All Credit Welcome!

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