Refinance loans have exploded in popularity over the last number of years. With US consumers in more debt now than they ever have been in the past, refinance loans are becoming even more popular.

If you are a homeowner who was lucky enough to buy when mortgage rates
were low, you may have no interest in refinancing your present loan. But
perhaps you bought your home when rates were higher. Or perhaps you have
an adjustable-rate loan and would like to obtain different terms.

Should you refinance?

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