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Refinance | PHH Mortgage – Refinancing a mortgage can present a number of potential benefits and, in some cases, reduce your monthly mortgage payments. 1 This overview will walk you through what’s involved in refinancing a mortgage loan, with a focus on lowering your monthly payments.
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Refinance | PHH Mortgage – A cash-out refinance allows you to refinance your existing mortgage and take a new mortgage for more than you currently owe, getting the difference in cash. In the end, you will have one new mortgage that covers both your primary home loan and the loan for the additional money. Use that extra cash to: Consolidate high interest debt like credit.
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Beginners Guide to Refinancing Your Mortgage – What is Refinancing? Refinancing is the process of obtaining a new mortgage in an effort to reduce monthly payments, lower your interest rates, take cash out of your home for large purchases, or change mortgage companies.
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