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How do I know when to refinance?

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Do I refinance only when I can get better than 1% than I have now?
asked Jul 19, 2012 in Refinance by anonymous
recategorized Aug 15, 2012 by Drake Peters
   

1 Answer

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You need to think about a lot more than just the interest rate before deciding. You'll also have lots of fees to consider (from the bank, appraiser, etc...) that can outweigh the money you'll save refinancing. This article from Realtor.com details a lot things you should take into consideration before refinancing.
answered Aug 30, 2013 by bbrown Inquisitive Expert (97,580 points)

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