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When is the right time to refinance?

Answer:

Knowing the right time to do a home mortgage refinance depends on where you are financially and what you are trying to accomplish. It may be the right time for refinancing your home if:

  • You want to lower your monthly payment and you don't mind if you end up paying more interest over the life of the loan
  • You want to shorten the term of your loan and you can afford to pay more per month
  • You want to get cash out for a home improvement project or to pay off consumer debt
  • You have an adjustable-rate mortgage (ARM) and you want to convert to a fixed-rate mortgage to lock in current rate

The lenders on RefinancingRight.com will be happy to discuss your options with you. Contact one or more of them today.

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