-Not closing cost refinance rate: This refinancing option offers you a chance to pay some initial fee to receive the new loan refinanced.
And also, do not forget to add the costs for the sanction of loan refinancing of certain fees and expenses.

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The application of a loan to the formula of 85% of the value, then there are actually 90,000 to be released.

If you keep it for a longer period than that, you lose the benefits of refinancing without closing costs, and actually start losing money.
Refinancing is beneficial even if the rate cut is only 1 percentage point, ie, even if you have taken a home loan at a fixed rate to 9 percent, you can benefit from refinancing rate 8 percent.
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