A half-point dip may not be enough to offset closing costs. Here's the magic number that makes refinancing pay off.
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Your refinance break-even point is the time it takes for the savings from refinancing to cover the costs involved. Refinancing can extend the time it takes to become mortgage-free and increase your ...
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There may come a time in your homeownership journey when you wonder if it makes sense to refinance your mortgage. It’s a decision that can help you reach goals like lowering your interest rate or ...