| REFINANCING
If interest rates drop significantly, you may want to investigate
refinancing. Most experts agree that if you plan to be in
your house for at least 18 months and you can get a rate 2%
less than your current one, refinancing is smart. Refinancing
may, however, involve paying many of the same fees paid at
the original closing, plus origination and application fees.
Use
this calculator to help you decide.
Courtesy of Countrywide
Financial.
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