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If you are like most homeowners, the best and worst day of the month is when you write your mortgage payment check. For most, their mortgage payment is the single highest expenditure every single month. For those of us in that situation, there is a solution today that we should all take advantage of. Home refinancing options that are now available can reduce those monthly payments by enormous amounts. Sometimes up to 70%. Maybe you can benefit from an interest rate reduction.
Perhaps an interest only loan is right for you. Or even extending the number of years in which you have to pay back the loan amount. Any of these reasons are more than enough to look into mortgage refinance options with a broker or Internet lender. All of these options can reduce your payment greatly and who couldn't use that?