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Want to Refinance to a Shorter Mortgage? Here’s What You Need to Ask Yourself
By reinvestor on November 4, 2015
-Oxford-/iStock
Has your financial situation improved greatly since you first took on your mortgage? That’s great! You have some options, including paying off your current mortgage ahead of time or refinancing to a shorter term. When it comes to the former option, it’s important to make sure there isn’t a prepayment penalty and that your credit is in good shape. When it comes to the latter option, we’ve some more information for you.
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