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When would you opt for home refinancing?

You must opt for home refinancing when you want to settle the dues with the existing bank/financer and find a new lender taking over the outstanding loan amount. When you’re convinced that the loan terms and conditions are refined and you’ll be financially privileged, then you can take the wise decision to sign up with the new lender for processing the home refinancing services.

You would like to opt for home refinancing when you enjoy the lower rate of interest, switch from fixed to an adjustable or floating interest rate and when you wish to reduce the tenure of home loan.

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