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Is Refinancing A Better Alternative Than A Mortgage Forbearance?

Is Refinancing A Better Alternative Than A Mortgage Forbearance?

By now, If you are a homeowner and have a mortgage, you most likely have heard about the option for mortgage forbearance. The government, in their infinite wisdom, came up with this plan to allow homeowners to skip monthly mortgage payments for up to six months assuming that you have had a hardship related to COVID-19. What was not clear in the messaging, was that you will still owe the money back after the forbearance period. 

How your lender decides to ...

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Interest Rate Update from Your Team @ Family Mortgage!

Interest Rate Update from Your Team @ Family Mortgage!

Interest Rates Continue To Improve

Since the end of May, interest rates have continued to improve. While this is not happening in a straight line, the trend has been in a positive direction for mortgage rates. Especially over the last three weeks we have seen some dramatic swings from day-to-day. Depending on your personal situation, interest rates for the most part have dropped into the mid to high 3% range, if you are a solid borrower.

Your Rates May Differ

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