That mortgage rates and terms vary greatly among lenders?
It is up to YOU to find the best deal on your mortgage. Shop around!
That while many borrowers got loans that were reasonable at the time, some may now qualify for better terms that potentially could save them thousands of dollars?
For example, on a 30-year fixed, $200,000 mortgage:*
The difference in price of these two loans is $444 a month or $5,328 a year!
IF your answer to any of these questions is YES, you might qualify for a loan that could save you money in the long run.
For more information on mortgage loans, subprime lending or foreclosures, visit our website at www.TheInformedHomeBuyer.org.
* September 25, 2007 – using rates that were current as of this date.
** To review your credit history and get your credit score, contact the national consumer reporting companies: Equifax, Experian, and TransUnion, at (877) 322-8228 or visit http://www.annualcreditreport.com. You are entitled to one free credit report every 12 months at your request. You may, however, be charged a nominal fee to get your credit score.
*** Caution: prepayment penalties and/or decreasing housing values may make it difficult to refinance despite your good credit history.
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