There are multiple ways in which to refinance. The one that has been gaining attention is the radio ad promising 1 1/4 % refinancing. When you call, most people will not get that rate, and their fees actually push the rate to over 3%. This is a short term 6 month deal, and then it starts to adjust at the market rate plus 2%. OUCH! unless you only plan on living in your house for 6 months, maybe this is a good deal!
More to come!
Add A Comment