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If your place has 50% equity that you stand eliminate through foreclosure vs. paying a hard money commercial lender 6% to hold on to you for just two or 3 more years, the choices are obvious. Yet it's a choice that the borrower in order to offer face up to, and accept their current situation for what exactly it is - and make the best decision these based their current recommendations.
There is way of cost involved in refinancing a mortgage loan and usually, the higher the loan amount, larger the closing costs since aspects (points, title policy, accessories.) are percentages of specific loan sum...
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