Considerations for Refinancing A Mortgage
Refinancing your mortgage means you take out a new loan, your new lender pays off your old loan, and you now owe the new lender instead. This is something that can make sense, especially given how lows mortgage interest rates are now. There are many factors to consider before making the decision.
These are just a few things to consider. If you’re looking to lower your current rate, consolidate debts or obtain cash from your equity, it may be a good time to refinance.
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