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How to refinance your mortgage and save money every month

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Interest rates are low, so it's a good time to think about a refinance

To qualify for the best rates, you'll need to have a good credit score. If your credit score is low, you can work on improving it before applying for a refinance. When comparing lenders, make sure to consider closing costs and think through how long it will take you to"break even" after refinancing. Read more coverage from How to Do Everything: Money When you refinance a mortgage, you take out a new loan to replace your old one.

To qualify for the best rates, you'll need to have a good credit score. If your credit score is low, you can work on improving it before applying for a refinance. When comparing lenders, make sure to consider closing costs and think through how long it will take you to"break even" after refinancing. Read more coverage from How to Do Everything: Money When you refinance a mortgage, you take out a new loan to replace your old one.

 

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