Jul 15

mortgage2A high mortgage interest rate can be devastating to your personal finances. As much as we would like to simply pay off our mortgage without thinking too much about its costs, those costs will and do add up. A high mortgage interest rate can drain away at personal funds to a significant degree. Over time, the amount of money siphoned by the high interest rate could eventually lead to foreclosure. Obviously, no one would ever want to find themselves in a situation as dire as that. To avoid such a calamity, it might be best to refinance a mortgage to a much less costly rate.

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