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Interest Cost vs Interest Rate
As you can see, refinancing is not as simple as “What’s my rate?” The real question you need to ask when
refinancing
is, “What is my rate doing for me?” I encourage you to determine what your short term and long term financial goals are and discuss them with your mortgage professional. These professionals aren’t just there to get you “The Best Rate.” They are there to counsel you on how you can use the equity in your hom
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