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    Many people tell you that you should never refinance your mortgage unless the prevailing mortgage rate is 2 percent lower than what you’re already paying. Forget this so-called rule of thumb for mortgage refinancing. The real test of whether mortgage refinancing makes sense for you is how long it will take you to recoup your expenses. Here are several tips to help you decide if mortgage refinancing is right for you.

    You can determine if mortgage refinancing makes sense for your financial situation with a simple calculation. The first thing you need to determine is what your total costs will be for mortgage refinancing. This figur

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    at you’re already paying. Forget this so-called rule of thumb for mortgage refinancing. The real test of whether mortgage refinancing makes sense for you is how long it will take you to recoup your expenses. Here are several tips to help you decide if mortgage refinancing is right for you.

    You can determine if mortgage refinancing makes sense for your financial situation with a simple calculation. The first thing you need to determine is what your total costs will be for mortgage refinancing. This figu

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    ncing makes sense for you is how long it will take you to recoup your expenses. Here are several tips to help you decide if mortgage refinancing is right for you.

    You can determine if mortgage refinancing makes sense for your financial situation with a simple calculation. The first thing you need to determine is what your total costs will be for mortgage refinancing. This figu

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    gage refinancing is right for you.

    You can determine if mortgage refinancing makes sense for your financial situation with a simple calculation. The first thing you need to determine is what your total costs will be for mortgage refinancing. This figu

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    simple calculation. The first thing you need to determine is what your total costs will be for mortgage refinancing. This figure needs to include all of your closing costs and any other fees you have to pay when securing the new mortgage. Next, determine how much you will be saving with a lower monthly payment. Divide the amount the new mortgage will cost you by the amount you will be saving and this will tell you the number of months it will take to recoup your expenses.

    For example, if your monthly savings after mortgage refinancing are $200 and your closing costs and expenses total $2,000, it will take you ten months to recoup

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