Refinancing sounds like the perfect way to save a good chunk of money but before you start the process, make sure it’s the right option for you. Learn more about establishing better money habits at http://go.bofa.com/3usp.
This video explains when it might make sense to refinance your mortgage loan. In order to make such a decision, you need to know how much your closing costs will be and how long you’re going to stay in the house. You also need to factor in the difference between your current payment and the new one.
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