The Ramsey Show
Getting Your House In Order Is The First Step To Financial Success
George Kamel
Well, it can, but it also depends. So what is this? Mortgage refinancing, very simply, it's when you replace your current mortgage with a new one. Why should you do it? Why do people do this? Well, number one, to get a lower interest rate. All right, so you got to make sure that refinancing will save you money in the long run more than it costs you.
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