2 Downsides of Refinancing Your Mortgage

2 Downsides of Refinancing Your Mortgage
·3 min read

Refinancing a mortgage loan often makes a lot of financial sense -- especially when mortgage refinance rates are very low. The refinancing process involves taking out a new home loan that's used to repay your existing mortgage debt. If your new loan has a lower rate than your current mortgage, you should be able to reduce your repayment costs and thus pay off your loan more easily.

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