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Mortgage Refinance Idea to save money on and pay off mortgage

Idea of Refinancing is to pay off an existing home loan and replacing it with a new one.

Use a calculator to see how much you can save by refinancing your mortgage and get a general idea of available rates in your market!

it is worth the money to refinance if you could reduce your interest rate by at least 1% or more.

Keep the same amortization period or lower it when refinancing. Don't make it longer.

converting to a fixed-rate mortgage results in a lower interest rate as well as eliminates concern over future interest rate hikes if you can get the timing right.

You can access the equity in you homes at the time of refinancing to cover big expenses and avoid expensive loans.

To refinance a mortgage, use a broker. Its the best Idea of all refinancing ideas.

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