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Why choose a home refinance loan over a home equity line of credit.
ARTICLE:
"Second Mortgage / Home Equity vs. Refinance"
This article outlines why you should consider Home Refinance Loans over a second mortgage or a home equity line of credit in , Florida. You will learn that with a refinance loan you can get a lower rate where as second mortgages usually have an interest rate that is twice or even three times as high as your first mortgage rate. Home equity lines of credit are designed to be used like a credit card - over and over again. That can be too easy and too tempting for someone with no self-control.
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Facts and Trivia About: Florida
Facts about Florida:
Population of Florida: 15982378
Florida is a U.S. state located in the southeastern United States. It was named by Juan Ponce de León, who landed on the coast on April 2, 1513, during Pascua Florida (Spanish for "Flowery Easter," referring to the Easter season). Florida's nickname is the "Sunshine State," but severe weather is a common occurrence in the state. Central Florida is known as the lightning capital of the United States, as it experiences more lightning strikes than anywhere else in the country. Florida has the highest average precipitation of any state, in large part because afternoon thunderstorms are common in most of the state from late spring until early autumn. A fair day may be interrupted with a storm, only to return to regular, gorgeous sunshine. These thunderstorms, caused by collisions between airflow from the Gulf of Mexico and airflow from the Atlantic Ocean, pop up in the early afternoon and can bring heavy downpours, high winds, and sometimes tornadoes. Florida leads the United States in tornadoes per square mile, but these tornadoes do not typically reach the intensity of those in the Midwest and Great Plains. Hail often accompanies the severest thunderstorms.
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