Mortgage Refinancing - When Do You Should Consider It - SAVING TIPS

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SAVING TIPS: Mortgage refinancing - when do you should consider it

Consider refinancing your mortgage if you can get a rate that is at least one percentage point lower than your existing mortgage rate and plan to keep the new mortgage for several years or more. Ask an accountant to calculate precisely how much your new mortgage (including points, fees and closing costs) will cost and whether, in the long run, it will cost less than your current mortgage.

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