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How does mortgage refinancing work?

Por: CBS News Business December 05, 2022

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Refinancing your mortgage can be a great way to save money and improve your personal finances.  Getty Images/iStockphoto Refinancing your mortgage can be a great way to save money and improve your personal finances.  With a refinancing, you replace your current mortgage with a new loan. The refi loan is used to pay off your old mortgage, and then you move forward with the new one. So, if you can refinance to a mortgage with a lower interest... + full article



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