Should I Refinance My Existing Mortgage? |
Decisions about refinancing are generally easier than decisions about getting a mortgage to purchase a home. If you’re considering refinancing, you already own your home, and your main question is probably a financial one: can I save money by refinancing? Refinancing may also make sense if you have an adjustable rate mortgage with an interest rate that is going to increase. Again, you need to weigh the costs of a refinance against the potential interest rate benefits over time. In this section we will review: |
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| Let’s say you’ve decided that a mortgage loan makes sense to you. Your next question is going to be: Can I get a loan? That’s the subject of another section. |
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