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One of the best reasons to refinance is to lower the interest rate on your existing loan Historically the rule of thumb is that refinancing is a good idea if you can reduce your interest rate by at least 2 However many lenders say 1 savings is enough of an incentive to refinance.

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First-Time Buyer Guides MoneySavingExpert. Good only for purchase of a first home Home must be the primary residence of the borrower Closing cost credit cannot exceed the amount of the closing costs. Since the VA Loan is government-backed VA Loans are easier to qualify for at competitive rates Lower Monthly Payments Since VA Loans don't require the.

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Is It Worth Refinancing Your Home To Save 100 A Month. Is it better to get a 15 year mortgage or pay extra on a 30 year mortgage?

 

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