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Refinancing your home
When mortgage interest rates get low, refinancing isn't always the best choice.
Deciding when to refinance your home loan depends on several factors besides whether you can get a better mortgage rate.
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How long you keep your home
Generally, it makes sense to refinance if you plan on staying in your home for many years.
If you plan to sell the property soon, don't refinance. Refinancing could take years to break even and begin saving you money.
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226 reads
Qualifying for refinancing
Even if refinancing makes sense in your situation, you'll still need to qualify. Your ability to refinance depends on factors such as the amount of equity you have in your house, your income, and your credit.
If you qualify, it's important to get quotes from multiple lend...
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Reasons to refinance your mortgage
The two big reasons to refinance are:
- To reduce your monthly mortgage payment
- To save on the overall interest you will pay on your house in the long run.
Refinancing does not always reduce the monthly payment or save on the ove...
31
205 reads
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Other curated ideas on this topic:
Reasons to refinance your mortgage
The two big reasons to refinance are:
- To reduce your monthly mortgage payment
- To save on the overall interest you will pay on your house in the long run.
Refinancing does not always reduce the monthly payment or save on the ove...
Poloniex
This is a popular altcoin exchange which offers leveraged trading and has a peer-to-peer market for users who want to provide liquidity to margin traders and earn daily interest as a result. You can set your own interest rate and loan duration, and because these are short term loans with daily in...
5 Ways To Get Out Of Debt
- Do a personal finance assessment. Ask what's coming in, what's going out, where's it going, and what's left. That is all you need to know.
- Proactively try to negotiate lower interest rates on your debts.
- Make extra payments
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