Current low interest rates provide an excellent opportunity for homeowners with good credit to consider refinancing as a means to reduce monthly mortgage payments. Carefully consider the costs associated with refinancing, such as points, closing costs, and insurance premiums. Make sure that your monthly savings will be sufficient to pay back your refinancing costs while you still live on your property - otherwise refinancing may not save you as much money as you had hoped.
Learn more about Refinancing Your Mortgage and how the various options available can increase your savings. If you find yourself ineligible to refinance due to your credit score, learn how to Repair a Poor Credit Rating. Visit www.FeedthePig.org for more money-saving tips.
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