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Mortgage Refinancing: What Is It And How Does It Work?

Savings Corner

Key takeaways Refinancing replaces your current mortgage with a new one, adjusting the rate, term or both. With refinancing, you can change the loan type as well as your lender. Here’s how refinancing a mortgage works, the common options available to you and pros and cons to consider. What is refinancing?

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Get your FREE Family Balance Sheet Excel Spreadsheet

Family Balance Sheet

Back in October 2003, I left a corporate career as a department store buyer with a nice reliable paycheck and benefits– including health insurance –to join my husband in the land of self-employment. We refinanced multiple times during the hey day of low interest rates at various banks and credit unions.

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It’s Harley Time – But Is It Worth the Cost?

Prairie Eco-Thrifter

Are Credit Cards From Grocery Stores Worth It? No Cost Refinancing – Pros and Cons. Do you have any regrets about doing so? This post was written by Marie. Related posts: Is The Deal Worth It? My ‘Free’ Kitten Cost Us Over $9000. The High Cost of Speeding.

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5 Sources for Quick Funding

Prairie Eco-Thrifter

Some lenders even offer grace periods during late payments, zero prepayment penalties, and refinancing options for customers. But their immediacy is quite a benefit, as most have same-day borrowing through a store location or online. With tight regulations in multiple states, auto title loan companies continue to thrive.

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Saving Tips & Free Crediting Monitoring

For the Mommas

By refinancing, consumers could quickly save hundreds of dollars every year without having to make significant cuts to their budget. Find More Deals: Hot Holiday Deals | Printable Coupons | Grocery & Drug Store Deals | . Consumers with better credit scores have better interest rates. Paying Off Debt.