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The Water Cooler
General Discussion
Have many of you refinanced your homes?
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<blockquote data-quote="peanut" data-source="post: 1580886" data-attributes="member: 16738"><p>It definitely takes a long time to break even if you refi on a rental and you usually don't get the better rates.</p><p>I believe you have to live in the house to get the better rates and like Jonny saud it takes atleast 3 years to make it worth it IF the closing costs arent too much.</p><p>Really depends how much % you can drop your rate and how long you stay in the house.</p></blockquote><p></p>
[QUOTE="peanut, post: 1580886, member: 16738"] It definitely takes a long time to break even if you refi on a rental and you usually don't get the better rates. I believe you have to live in the house to get the better rates and like Jonny saud it takes atleast 3 years to make it worth it IF the closing costs arent too much. Really depends how much % you can drop your rate and how long you stay in the house. [/QUOTE]
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The Water Cooler
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Have many of you refinanced your homes?
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