How To Compare Mortgages

by Catherine
(Red Wing, MN USA)

Ask Kate: How To Compare Mortgages I need help knowing how to compare mortgages. We want to refinance to reduce the interest rate and take out cash. Our house is valued at $250,000. Our current balance is $92,700. We are looking at a mortgage for $120,000.

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One bank is offering 4.5% with closing costs of $3,500. The other bank is offering 5.5% with closing costs of $370. We will probably sell in 3 to 5 years. How do I know which is better?

Kate Answers: How To Compare Mortgages

Dear Catherine, Thank you for contacting Get-Your-Best-Mortgage-Rate.com. I have answered your question on a new page I have written for you at Compare Mortgages - Unique Answers.

I hope you'll come back to my website again in the future. Of course, all of my information is free.

Best Wishes,

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