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not as smart as I think
Join Date: Oct 2006
Location: Northern California
Posts: 769
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Don't forget about the term. Your monthly payment may go down, but each time you do this you may be adding term. i.e. if you are 5 years into a 30 year mortgage, and you re-fi another 30 year mortgage, you just added 5 years to your payment.
I would suggest when you re-fi, make the term shorter than you currently have left on your mortgage.
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1978 911SC stock-SOLD
1985 911 Carrera Stock
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