When Is the Right Time to Refinance My Mortgage?

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There are many reasons why homeowners choose to refinance their mortgage. You can lower your interest rate, shorten the length of your mortgage, consolidate debt and lower your monthly payments. You can also do it to change an adjustable-rate mortgage to a fixed-rate mortgage. The key to success is refinancing at the right time. Here's a look at four of the best times to refinance as well as a few times when you shouldn't.

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