May 27

If the urge to refinance your mortgage has come over you, you’re not alone. Millions of homeowners have cut their interest rates, monthly payments and will save thousands of dollars over the life of their loans.

Or so they think. The truth is that for at least some of those people, refinancing will cost them plenty in the long run. They might select the wrong mortgage for their needs, might not know what options are available, or simply don’t know where to begin.

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