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Refinancing alternatives that homeowners will not be likely to regret consist of refinancing from an ADJUSTABLE RATE MORTGAGE to an FRM in order to lock in a low interest rate rate. This is a decision that is usually made with long-term financial goals in your mind.

Another refinancing decision which is generally sound is refinancing for the same type of mortgage that has a lower interest rate compared to current loan. So long as your borrower expects to remain in your own home long enough for the eye savings to cover the price tag on refinancing, the borrower usually will not regret this decision.

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