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Refinancing after you've held onto the same mortgage for a long time restarts this amortization process.
Make sure your financing contract with the seller does not penalize you for refinancing after a period of 5 years, or whatever length of time you agree upon.
In Atlanta, they take credit for using this method to save the house of an Iraq war veteran, pressing the bank to offer her refinancing after it had already set a date for eviction.
The Charter Communications Corporation, the cable TV company controlled by the billionaire Paul Allen, canceled a $1.7 billion debt refinancing after rising bond yields and waning demand for the riskiest of debt made the borrowing too expensive.
Special assessments: In 2005 Triple Net asked investors in an office building to put up additional money for a letter of credit to fund a mortgage refinancing after the departure of the building's anchor tenant.
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In April 2006, the family sought to refinance after exhausting their modest savings.
For example, if you plan to refinance after three years, the A.P.R.'s of various loans could be calculated accordingly.
At the time, she asked for a loan that could be refinanced after one year without penalty.
The loans have the same monthly payments as 30-year mortgages, but buyers will have to refinance after seven years.
Families would have three years to refinance; after that, the trust would stop buying loans and eventually wind itself down as homeowners repaid their loans.
The funding, known as a bridge loan, would be refinanced after a year with bonds and longer-term bank loans, they said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com