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Detached Member
Join Date: May 2003
Location: southern California
Posts: 26,964
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Take the difference of what you were paying and consider plowing it back into the loan. I had 7 years on my loan when I re-fi'd at 3.15% for a ten year. I'm taking the $500/month difference and plowing it back in to pay off in six years. You'd be surprised how much money you will save over the life of the loan, including the mortgage tax deduction.
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Hugh
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