Refinancing my mortgage lowered my monthly payment by $200, but I wish I'd known 5 things beforehand

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Refinancing my mortgage lowered my monthly payment by $200, but I wish I'd known 5 things beforehand
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Their interest rate went from 4.25% to 3.375%

My husband and I bought a house in 2017 in hopes of paying less every month for a mortgage than we were spending on rent. With private mortgage insurance and a 4.25% interest rate, though, our monthly spend was still high. This year, we were able to refinance our mortgage and we're now spending $200 less per month, but I wish I'd known a few things before I started the refinance process. Credible can help you refinance your home loan.

My husband and I bought a house in 2017 in hopes of paying less every month for a mortgage than we were spending on rent. With private mortgage insurance and a 4.25% interest rate, though, our monthly spend was still high. This year, we were able to refinance our mortgage and we're now spending $200 less per month, but I wish I'd known a few things before I started the refinance process. Credible can help you refinance your home loan.

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