You don’t always get do-overs in life, but when it comes to mortgages, you can often refinance your current loan into another one. Doing so can shrink your interest rate, lower your monthly payments, or achieve other goals. Luckily, this is a promising time to refinance, as interest rates remain near historic lows.
Just be sure not to commit any big blunders when refinancing, lest you end up with a smaller financial benefit. Here’s a quick look at some common mortgage financing mistakes to avoid.
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