How much can refinancing a $200,000 mortgage from 6% to 5% save in monthly payments?
Should I refinance my mortgage? Here's how to decide.

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5 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What factors should homeowners consider before deciding to refinance their mortgage?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the potential costs associated with refinancing a mortgage?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
Why might it be advisable to avoid refinancing if you plan to stay in your home for less than five years?
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5.
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3 mins • 1 pt
What are some reasons homeowners might choose to refinance beyond lowering their interest rate?
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