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Refinance Options?
pmsmith2032
Posts: 2 Newbie
I currently have a 2nd mortgage that was used to buy some land a number of years ago. Unfortunately, the interest rate I received was extremely high (10% on $50k). Any ideas on how to refinance to get a lower rate? Thanks in advance!
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Comments
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Is that a genuine dollar sign for someone in the US?
If so, this is a UK site and unlikely to be of much help.
If you are a UK borrower, you can consider a remortgage to consolidate this and your main mortgage together, or look for another secured loan/second charge at a lower rate.
An independent mortgage broker would be able to help you compare the two options.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Sorry. I had no idea this was a UK site. I always thought such sites had a "uk" in them.0
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No, believe it or not we have .com, .co.uk, .net and several others.
All the best finding what you're looking for...
I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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