|
 |
  Refinance Mortgage for Portland, OregonInterest rates over the past several years have dropped to almost half of what they were in the mid-90's. Back then if you had an interest rate of 7.5%, you where considered lucky. Non conforming interest rates where above 10%. Today even with damaged credit, you can get a rate better than a conforming interest rate was several years ago.
This drop in rates has spurred a flood of people looking to refinance their mortgage not seen in many years in the mortgage industry. The increase in home values has given people an outlet to borrow against their homes with a great rate.
One of the biggest questions is Should I Refinance? The answer is completely up to you. What might be good for your neighbor may not be the best idea for you. There are many different reasons why people refinance their existing mortgage. The most common being: Get cash back, reduce their interest rate, consolidate debt or to change the type of loan they are currently in Portland, Oregon
Call American Brokerage at 800-874-8760 or apply on line with our quick, secure application and get an answer the same day! |
|
Copyright (c) 2004 American Brokerage. All rights reserved