Sentences with phrase «years the no cost refi»
It can be helpful to think about how long you think you'll own the home — if you're planning on selling in a few years the no cost refi can be a good call since you'll only end up paying a portion of the additional interest and you'll be able to take advantage of the reduced payment for each month you own the home.
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Doing so pays off the mortgage 10 years earlier and saves more than $ 60,000 (if you exclude closing costs on the refi).