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When to refinance your home?
Get all sorts of refi letters in the mail almost every day.
Finally called one which holds my current mortgage.
Interest rate will drop from 3.75 to 2.99.
I have 20 years left, so a 20 year mortgage will save me $105 a month and cost just over $2k which is rolled into the loan.
So less than 2 year pay back.
Nothing too dramatic, but it is still $100 a month.
That's like a free cell phone plan.
What do you guys think?
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“The wave is not the water. The water merely told us about the wave moving by” – Buckminster Fuller
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