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  • Fact: Refinancing allows consolidating debt or accessing home equity.

Refinancing allows you to take advantage of lower interest rates, which can save you thousands over the life of your loan. It's also a way to consolidate high-interest debt, like credit cards, into one lower payment.

Or, you can tap into your home's equity through a cash-out refinance for major expenses like renovations, education costs, or investments.

The key is timing it right - refinancing may be worth it if rates have dropped significantly since you got your original mortgage.

Don't write off refinancing! When used strategically, it can provide substantial savings and increased financial flexibility. 

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