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Refinancing is the process of replacing an existing loan with a new loan. It is a great option for those borrowers with loans that are too expensive or too risky. You can refinance your loan to get a better interest rate thus lowering the monthly payment based on your current situation.
- The benefits to refinancing include:
- Lower monthly mortgage payments
- A shorter loan term (15-year instead of a 30-year)
- You have the option to change your loan type
- You can potentially pay off a loan that’s due
To ask about your refinancing options, contact us today: email@example.com