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How Refinancing Works

by Tammy Hines in Blog.

What is refinancing? In a nutshell, refinancing is getting a new mortgage to replace the original one. The bank or mortgage lender that grants you the new mortgage pays off your old one with a new mortgage, thus the term refinancing. Borrowers who choose to refinance do so to reduce monthly payments, lower interest rates,…

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The Top 10 Credit Don’t During The Loan Process

by Tammy Hines in Blog.

      THE TOP 10 CREDIT DON’TS DURING THE LOAN PROCESS DON’T DO ANYTHING THAT WILL CAUSE A RED FLAG TO BE RAISED BY THE SCORING SYSTEM. This would include adding new accounts, co-signing on a loan, changing your name or address with the bureaus. The less activity on your reports during the loan…

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