Why would a bank offer refinancing at a lower interest? Is any money saved at all, or is it just paid on a different timeline?
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Originally bought a home for 30 years at 3.25%. After 5 years the rates got good and refinanced for 2.25% for 15 years. I got a great deal which hopefully comes back at some point for future home buyers out there.
I’m paying almost the same mortgage for 10 less years.
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