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Open Question: Can someone answer a mortgage refinance question?

Open Question: Can someone answer a mortgage refinance question?

This is a discussion on Open Question: Can someone answer a mortgage refinance question? within the Mortgage Refinancing forums, part of the Mortgage and Loans Forum category; When you refinance your home with another mortgage company then the one you have know, who lets them know you've ...

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Mortgage Refinancing If your current mortgage has a high interest rate, you’re stuck in an adjustable rate mortgage, or you want cash out or to consolidate your debt, the answer to your mortgage problems is refinancing. Mortgage refinancing allows you to pay off the remainder of your existing loan by taking on a new loan with better terms. However, there are a number of mortgage refinancing options available to you. And within each of these options, there are particulars you need to be aware of.

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10-23-2007, 07:05 PM

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Open Question: Can someone answer a mortgage refinance question?

When you refinance your home with another mortgage company then the one you have know, who lets them know you've gone with another mortgage company? Are there penelties? We are in a sliding rate and are trying to get into a fixed rate. thanks!

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