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Archives: April 2010
How does refinancing work?
With a refinancing, you pay off an old loan on your home and take out a new one, usually at a lower mortgage interest rate. To refinance, you will generally need to have equity in your home, a good credit … Read more
April 20, 2010 Posted in Mortgage
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How does an unsecured loan work?
The interest rates on these loans are often higher than on secured loans and you generally will not be able to get a tax deduction for the interest paid. However, the costs to obtain an unsecured loan are usually lower. … Read more
April 20, 2010 Posted in Mortgage
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