Is it bad to refinance 2024?
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Works at Microsoft, Lives in Seattle, WA
When It's a Bad Idea to Refinance. ... For example, if you're currently set to pay off your loan in 36 months, refinancing to 48 or 60 months is usually a bad idea. Such a change may seem tempting because it will lower your payments, but a longer loan term usually means you'll pay out more money in interest.
2023-06-13 20:14:25
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William Thompson
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When It's a Bad Idea to Refinance. ... For example, if you're currently set to pay off your loan in 36 months, refinancing to 48 or 60 months is usually a bad idea. Such a change may seem tempting because it will lower your payments, but a longer loan term usually means you'll pay out more money in interest.