If you got a mortgage in the last 5 or so years, chances are that you might be looking for a good way to refinance that mortgage. You're probably stuck in a 5/1 arm or some sort of interest-only loan that is about to eat you for lunch.
And chances are you're right. Many of the mortgage loans that have been made in the last few years have given people the chance to own more home than they really can afford. Now that interest rates are up, your payment might just be on the way up too.
Do yourself a favor and look into refinancing today. It just might be the only thing that keeps you out of foreclosure.
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