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You may be able to get a loan up to 125% of value of your home. This would mean an increase in your monthly payments, depending on interest rate you receive, and extra cash you get can be used for any purpose you see fit. This is an excellent option for those wanting to pay off credit cards, student loans, or make improvements to home. By comparing lenders and loan packages, you can potentially save thousands of dollars in interest and possibly get extra cash you need.
Today's low interest rates and competitive lending industry give homeowners many choices in refinancing or purchasing a home. You can save money each month and over entire length of your loan by comparing lenders and products they offer.
To view a list of our recommended refinance lenders, visit this page: Recommended Home Loan Refinance Lenders.
Carrie Reeder is the owner of ABC Loan Guide. ABC Loan guide is an informational website about various types of loans. The site has informative articles and the latest finance news.