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January 9, 2009, Newsletter Issue #150: Refinance Loan May Stabilize Your Interest Rate
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Tip of the Week
A refinance loan helps you lower your monthly payments and get better interest rates. A refinance mortgage also may provide some peace of mind.
Let's say you went with an adjustable-rate mortgage (ARM) when you took out your loan. But the rates have increased. Refinancing is an option, so you can switch to a fixed-rate loan. You will not have to worry anymore that your interest rates will rise.
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