A consumer with a $250,000 30-year mortgage and a 5.50% interest rate paying $1,420/month, wanting to lower their monthly payment, gets a new 30-year mortgage for $255,000, pays off the existing mortgage and has $5,000 for closing costs and tax and insurance escrows.
Toro (company) The Toro Company is an American manufacturer of turf maintenance equipment (lawn mowers), snow removal equipment (snow blowers) and water-saving irrigation system supplies for commercial and residential gardens, public parks, golf courses, sports fields, and agricultural fields.
The Toro Company and its affiliate, Toro Warranty Company, pursuant to an agreement between them, jointly warrants, to the owner, against defects in material and workmanship for a period of one year from the date of purchase when products are used for residential purposes, 90 days when products are used commercially.