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Posted on Oct 06, 2024

The decision to whether or not to refinance a mortgage should NOT depend on: the difference between the interest rates on the original mortgage and

The decision to whether or not to refinance a mortgage should NOT depend on:

the difference between the interest rates on the original mortgage and the new mortgage.

the discount points paid on the original mortgage.

the cost of refinancing.

the holding period for the new mortgage.

The refinancing decision should depend on all of the factors listed in the other answers.

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