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Shorten Your Term

Lowering your monthly payment is not the only way to save interest you pay for your mortgage. By shortening the term of your new loan you can eliminate years of monthly payments which will save you an even greater amount in the long run. With rates as low as they are, there is a strong chance that you can switch from a longer term fixed mortgage such as a 30 year to a short term fixed such as 20 year without significantly increasing your monthly payment!

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