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The benchmark 30-year fixed-rate mortgage rose this week to 3.97 percent from 3.93 percent, according to Bankrate’s weekly.
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U.S. Bank is here to help you make an informed decision when evaluating the various home mortgage loan options. From finding out how much you can qualify .
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Learn more about your mortgage refinancing options, view today's rates and use refinance calculators & tools to help find the right loan for you. Get started.
The usual reasons to refinance are to reduce the monthly payment or to raise cash. The third option, which is under-appreciated, is to shorten the period of indebtedness. The third option is seldom.
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And it seemeth, that the cause why it is called mortgage is, for that it is doubtful whether the feoffor will pay at the day limited such sum or not: and if he doth not pay, then the land which is put in pledge upon condition for the payment of the money, is taken from him for ever, and so.