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How To Calculate The Break-Even Point When Refinancing
Homeowners usually refinance to save money with a lower interest rate or a new loan term that reduces the monthly payment. However, to get those savings, you must pay closing costs between 3% and 6% of the loan amount. A key way to figure out if the savings are worth the cost is to calculate […]
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Find out how refinancing your mortgage can help you save money, own your home sooner or borrow against your home equity.
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