Thursday, June 21, 2012

How I Saved Thousands of Dollars and You Can, Too!

Are you looking at a way to save a large amount of money?  Then look into refinancing your house.  We are in the midst of historically low mortgage rates.  My husband and I have been in our house for 7 years.  We had a 30 year mortgage and have refinanced it 4-5 times.  We are down to 14 years left on our mortgage--with significant savings!  The current refinancing is going to shave 6 months off our mortgage and save us $14,000!  We have been using Quicken Loans and have not had to pay any closing costs.

If you own a home, look into refinancing.  Check out all your options--some places will charge you more than others.  And some, not at all (they can do this because they either resell your loan or increase their portfolio).  So, do a bit of homework and come up with a ton of savings!

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