Refinance



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Answer #1

Most of the reason someone in your shoes would refinance is because they want the security of not having an adjustable rate 2nd. Right now with the prime rate low it’s no worry. But a few yers ago prime was 8.25% instead of 3.25% It has no where to go but up so people are trading in now for a lower rate and some piece of mind. It helps them budget with confidence. Hope this helps please let us know if you have any follow up questions.

Thanks,

Brent Mendelson
Senior Loan Officer
Monarch Mortgage
600 Jefferson Plaza, Suite 400
Rockville, MD 20852
240-403-1970 Direct
301-412-0259 Cell
http://www.monarchmtg.com/bmendelson
nmlsr#111407

Answers Answered By: Brent Mendelson Level Rating133points

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