– How does mortgage refinancing work, and why would a bank offer it if it saves the home buyer money?

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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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Anonymous 0 Comments

Refinancing is basically just getting a loan to pay of your existing loan.

You could do it without your bank having any real recourse by going to another bank, so a bank has an incentive to let you do it in house to keep your business.

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