Refinancing is the process of paying off your existing mortgage and
replacing it with a new mortgage, done with the goal of improving your
A refinance should help you save money in the short or long term period. If it won’t do that, you shouldn’t refinance. Reasons to refinance include:
A refinance is essentially a brand new mortgage that replaces the one you have. Just as when you originally bought your home, your refinanced
mortgage charges fees including a new appraisal, title search and insurance and closing costs. According to experts, you should not refinance your
mortgage if you cannot recoup the fees within two years.
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