Posted on 12/06/07
It pays off to plan mortgage renewal
The answer to rising interest rates if you're renewing a mortgage or buying a home is to fight back using every trick in the book.Five-year mortgage rates recently hit a six-year high, and variable-rate mortgages could start moving up as soon as next month. Housing prices are so high these days that even a quarter-point of extra interest could cost you hundreds of dollars a year and, thousands over the term of a mortgage.
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