Factors to weigh when considering a home re-refinance

Source: Ilyce Glink & Samuel J. Tamkin, Washington Post (Paid Registration)

There are four factors in what one expert calls a “home run refinance.” They are: lower interest rate, lower monthly payment, shorter loan term and affordable fees. If you’re able to achieve all four of these factors, then you’ve got a home run refinance. If you can only get two or three, you might still have a deal worth doing.

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