Archive | June 21st, 2009

Home Equity Loan – An Obstacle in Mortgage Refinancing

Posted on 21 June 2009

As mortgage rates are at record lower positions, then one won’t be surprised to know that many homeowners are deciding to refinance their existing mortgages. This can be a relatively straightforward process for those who have sufficient home equity.Other people may face some significant obstacles in their long search for lower monthly payments.The existence of a home equity loan is one of the biggest barriers to refinancing.

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