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Real Estate Tips
About Appraisals >Refinancing Your Home

Interest rates fluctuate as changes occur in the general economy. If you purchased your home when interest rates were higher, you may want to consider re-financing your loan at a lower rate.

You will have to apply for the new mortgage and have your current income eligibility assessed. Depending on how long you have had your present loan, a current appraisal may be required. There are closing costs, such as attorney, title fees, recording and notary fees, and appraisal charges. The biggest factor in your decision should be the length of time you plan to remain in your home. If you will be there for only a year or two more, it might not pay to re-finance. If you will be in your home longer, re-financing could provide you with lower mortgage payments. Your real estate agent can help you work out the numbers and can refer you to reputable home appraisers and mortgage lenders.

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Real Estate Trivia
Q 
Which city in the U.S. has the longest formal name, but the shortest abbreviated name?

A 
El Pueblo de Nuestra Senora la Reina de los Angeles de la Porciuncula is the full name for Los Angeles, known as "LA".
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The Celebration Team, REALTOR®, real estate agent and broker for Celebration, Windermere and Orlando, Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Angela and Les Sessoms
Century 21 Premium Properties

720 Celebration Ave., Suite 100
Celebration, FL 34747
407-432-6790
Fax: 407-566-8575
Angela@centralfloridaproperties.com

**Serving Central Florida and the Vacation Market**

Equal Housing MLS REALTOR


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