Jul 17

There are many reasons why it would be helpful to refinance to a new mortgage. Among the most important reasons would be to acquire a greater chance at long term savings. On the surface, one might not realize how money would be directed towards long term savings. This should not be too hard to figure out. Basically, the money saved by shaving a high interest rate down to a lower one can be invested in the market or in another vehicle. Certainly, investing the money will be far better than mis-allocating it on higher interest premiums.

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