Interested in freeing up some cash? Possibly lowering your monthly mortgage payment? Or shorten the length of your home loan? Then you may want to look in to a mortgage refinance. The equity ( equity is the assessed value of your home minus the amount you owe ) is a readily available source of cash that you can access.

A second mortgage refinance is a fixed rate loan that will use your home as the collateral. The bank will front you the equity in your house, and you agree to pay it back in the terms and at the rates defined in your new second mortgage refinance. You still keep your home, and when done paying off the 2nd mortgage, the home is entirely yours.

Online mortgage calculators are a very popular method of quick mortgage refinancing analysis. The calculator on the bottom of my page will help you.
-M Petrone
RefinancingCondo.com

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