Taking out a mortgage makes many people feel as though they are committing to making a monthly payment for the rest of their lives. Recent studies have shown that an overwhelming number of people never pay off their mortgages. Many look at refinancing as the best path to paying off their house. While refinancing can get you a lower interest rate, refinancing can be both tricky and problematic. Take a look at why refinancing may not be your best option, and what other strategies you can take to own your home as quickly as possible.
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