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Az Refi Strategies: For Easy Refinancing
By: morgana evans
There is a refi rule of thumb which states that you should only refinance your home if it will lower your existing interest rate by two percentage points. So, from an 8% to a 6% would make sense. What it really boils down to is the amount of time it’ll take you to break even and whether or not you’ll still be in your home for that amount of time. Be absolutely certain and are ok with how long it’ll take for your savings to compensate the refi cost.(read
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