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Quick Stat

July 9, 2013

According to data from Freddie Mac, 84% of homeowners who refinanced their first-lien home mortgage either maintained the same loan amount or lowered their principal balance by paying in additional money at the closing table. Of these borrowers, 46% kept about the same loan amount, while 39% decreased their principal balance in the latest period.

Reliance First Capital specializes in helping customers reach their individual needs with the best loan options. Reliance First Capital can help find the loan option to meet your unique lifestyle and financial goals. Learn more by contacting Reliance First Capital today at 866-735-9004 or visit us online at www.reliancefirstcapital.com.

Source: http://blogs.wsj.com

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