Is it Worthwhile to Re-Finance My Current Home Mortgage?

November 11, 2017
Author: New England Home Mortgage

If you are considering a home re-finance, it is important to understand the ins and outs of a mortgage refinance.  When you refinance your current loan, you are essentially paying off your current loan and replacing it with a new one.  For some, refinancing will save them money, for others, not so much.  The goal of a refinance is to save money, not only on a monthly basis, but in terms of the overall period of the loan.  There are costs involved with a refinance, such as closing costs, points, etc, all of which need to be factored into the decision-making process.

 

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