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"Refinancing Your Home"

Refinancing Your HomeIf your interest rate is higher than the current market interest rates, then you may benefit from refinancing your mortgage. Whether refinancing is a good option for you depends on the market, your mortgage, and your circumstances. You will need to have at least 20 percent equity in your home if you wish to avoid paying private mortgage insurance. Talk to your lawyer to work out the pros and cons.

(Winter 2006)