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Home buyers with an Alaska Housing Finance Corp. home loan can now take advantage of low interest rates and a new refinancing opportunity to lower their monthly payments and/or shorten their loan term with a minimum of fuss and cost.
AHFC's Streamline Refinance Program, announced Feb. 10, allows homeowners to refinance mortgage loans, along with up to 30 days' interest and $5,000 in closing costs--up to their original loan balance--without an appraisal or credit search.
The interest rate is based on the type of loan the borrower has, pegged to interest rates on national market trends and adjusted the...