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Refinance Your Mortgage
if You Can Cut At Least One Point - Refinancing a mortgage only
makes good sense if you are going to save more than 1% on the interest
rate. This one percent saving will more than make up for the refinancing
charges to rewrite the mortgage, but it should only be done if you are
gaining enough to make it worthwhile doing and mortgages should never
be combined with other loans when you are refinancing due to the long
amortization period. Instead, refinance your mortgage at the lowest
rate you are capable of achieving and use the money you save to pay
off the other debt at a faster pace.
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