Freddie Mac reports that 84% of homeowners who refinanced their first-lien home mortgage either kept the same loan amount or decreased their principal balance by paying additional money at closing. 46% of these borrowers maintained about the same loan amount, while 39% reduced their principal balance in the latest period.
To learn more about which loan programs you may qualify for, contact your Reliance First Capital mortgage analyst today. Reliance First Capital can find the loan option to meet your unique lifestyle and financial goals. Learn more about Reliance First Capital by contacting us at 866-735-9004 or visiting us online at www.reliancefirstcapital.com.
Source: http://blogs.wsj.com
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