With all the news about rate cuts recently, home loan borrowers may be wondering what it means to them. For some it’s good news, others won’t see an impact.
Here’s an excellent post that describes how the rate cuts may affect your loan. If you have an adjustable rate, you’ll need to know what index your loan is tied to. Don’t know? Ask your lender.
If you’ve been thinking of refinancing or buying, now is the time. In this crazy economy, you want to take advantage of a good thing when you see it!
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