Enjoying Mortgage Rate Refinance Benefits

by Sunil Patel
(Vizag, AP, India)

Ask Kate: Enjoying Mortgage Rate Refinance Benefits Kate, I needed a mortgage rate refinance. The effects of recession and trauma created in the financial industry created a tough time for most of the banks worldwide.


It was a tough time for me too wanting to refinance. My friends advised to wait for times to improve. I thought it would be okay to postpone the home loan while waiting for the economy to fair up. To my surprise, the economy worsened even further.

My dream of a mortgage rate refinance was getting tougher than tough and I almost lost hope. But I was paying a much higher interest rate and what started out as optional was turning into a necessity.

As I was waiting, 6 months later the bank sent me a letter about next year’s installment. That acted as a reminder for me which then I utilized to get in touch with the relevant bank for refinancing my home.

I'm happy to report I was approved for the home mortgage refinance with less charges and today I am enjoying the benefits.

Kate Answers: Enjoying Mortgage Rate Refinance Benefits

Hi Sunil, Thanks for sharing your success! We learn and are encouraged by the experience of other homeowners.

Best Wishes,


P.S. Go to my Best Mortgage Rate Blog, an entertaining source of mortgage information. Subscribe now to the RSS feed.


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