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What is a Mortgage Refinance & Why is it Done?
In recent times, many people on fixed rates have moved to variable rates and started to struggle with much higher rates. Mortgage refinance is a solution that allows people to replace an existing debt with a new one from a different provider that offers lower rates and more favourable terms. Refinancing a home loan can reduce monthly payments, change the length of the loan and improve overall financial flexibility. This blog post takes a closer look at refinancing and the reasons why it’s done. Take Advantage of Lower Interest Rates One of the most common reasons people use refinancing services is to…
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