Wednesday, September 06, 2006

Refinancing? It Costs More Here

According to an article in today's Tennessean, it costs more to refinance a home in Tennessee - we come in 8th place for higher fees. Mississippi and Oklahoma have the highest number of sub-prime loans, which means higher interest rates.

Borrowers face higher interest rates with sub-prime loans because lenders feel they are more likely to foreclose. Read the article here.


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