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REFINANCING MY MORTGAGE PLUS CHECKING MY CREDIT SCORE

By Terry Savage on July 17, 2021 | Wild Card & Pandemic Related

I have a mortgage with Wells Fargo of around $43,000 on a townhouse. On the front page (on the web) it shows my interest is 3% (I’m assuming that this is displaying my actual rate). I am 78… but I retired at about 76 (with a years severence) ….. should I look into refinancing (just heard on the radio – good old WGN – that the rate is 3% maybe a bit +. Do I trust the display of 3% and it is not worth it to refinance (or take the money from my investments and pay it off). Short 2nd question…..do you have an article that explains how I check my credit rating and then put a freeze on the 3 sites (experian and I can’t remember the other two) and then freeze the three sites? Thanks, (and I hope I explained this all correctly.

Terry Says

3% is a great rate, and you don’t want to refinance. But call the bank (number on your mortgage statement) and just ask them the Annual Percentage Rate on your mortgage– just to be sure.

Read this article to get links to the bureaus to get your credit report and to freeze your credit.

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