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Mortgage Rates in Grand Prairie, TX | Wirefly – Refinancing a Mortgage in Grand Prairie, TX. In some cases, it makes sense for people to refinance their loan. grand prairie, TX borrowers choose to refinance to shorten the life of the loan, get a lower interest rate, lower the monthly payment amounts, or to switch from an adjustable-rate mortgage to a fixed-rate loan.
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Adjustable-rate mortgage loans (ARMs) in Grand Prairie, TX have variable interest rates that can be adjusted on occasion. Generally, ARM rates will change about once a year once the initial period (where the rate remains fixed) passes.
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