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What is refinancing your home?

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28th Oct 2009 by Gary

Refinancing your home is the same thing as refinancing a mortgage. You use the collateral of your home to get a new loan which would pay off the original and usually get extra cash to use. Some people refinance a home to get lower payments when interest rates go down. You need to be sure it's worth it because of the closing cost you incur from a refinancing of your home.

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27th Oct 2009 In Finance 1 Answers | 542 Views

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