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Did you come to this page already convinced you'd
like a quick, free quote on refinancing your current
home? Two leading lenders can help:
Click here
to get a free refinance quote from Full Spectrum
Lending now!
Click here
to get a quote for refinancing, debt consonidation,
or a home equity loan from Conseco.
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Refinance
Reasons to Refinance:
- Get cash out of your house for vacations, home improvement,
business expansion, college tuition, investments or to purchase
a big-ticket item like a boat or car.
- Debt Consolidation. You can lower your monthly payments
bring past due balances current, and consolidate your bills--and
possibly free up cash for personal or business use.
- Credit Repair. Some companies offer loans specifically
for Credit Improvement and Repair.
- Second or Vacation Homes. You can refinance to free up
cash for a down payment on a second home.
Other Costs You'll have to consider before Refinancing your
home:
- Lenders usually expect that you have at least five percent
equity in the house's appraised value before you can refinance.
- Closing Costs. These include points, manditory inspections,
and other costs which often add up to three to four percent
of the loan amount.
- If you have less than twenty percent equity in your home,
the lender will require you to pay for private mortgage
insurance. If you have over twenty percent equity, you will
not be required to pay for private mortgage insurance.
Use the Calculator
to see if you can benefit from Refinancing your current home
- Enter the principle you owe and your current finance rate
- Calculate your current payment by clicking on Calculate
(this will be the payment you're currently making minus
any taxes and escrow amounts that you may be paying along
with your payment.)
- Check the current rate offered by lenders and change the
interest rate to that figure.
- Subtract your current payment from the new payment. That's
how much you'll save minus the closing costs discussed above.
Ready to Refinance? Free Quotes are Available
Full Spectrum Lending helps homeowners get cash, consolidate
debts, and lower monthly expenses. Get a quick, free
quote today. Refinancing your home couldn't be easier!
Conseco offers refinancing as well as debt consolidation
and home equity loans accessable from the same page. Manage
your debt with Conseco.
Other References: Home
Loan Types | Mortgage Definitions
and Terms
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