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Sometimes, refinancing your mortgage can really save you money. You may be able to pay less interest, lower your monthly payment, or convert from a 30-year loan to a 15-year loan (and build your equity faster!). But do your research and make sure that refinancing is right for you.
Mortgage rates are at record lows and after the fed's decision to buy billions in home loans, it has continued to ease costs for home owners and buyers.