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3 Questions to Ask Before Refinancing

3 Questions to Ask Before Refinancing

Refinancing your home mortgage can be a smart financial choice in many circumstances. If you choose a shorter repayment timeline, your monthly payments may stay the same or go up -- even if you can drop your interest rate. You should compare loan options, ideally with several lenders, and look for a loan that provides a good balance of short-term and long-term savings.