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How to Refinance Your Home How do you decide if refinancing makes sense? The answer depends on many factors, including tax bracket, the length of time you plan to stay in your home, and refinancing costs. Difficulty Level: Hard Time Required: Indefinite here's How: With a new loan, you may be charged a penalty for paying off your original loan early. So check this first. The total expense for refinancing depends on settlement costs, interest rate, points, and other costs required to obtain a loan.
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