With rates at historic lows, now is a great time to lower your interest rate and take advantage of the equity in your home by receiving additional cash when you refinance.
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You can take advantage of the equity in your home by adding to the loan amount and do some much needed home improvements or payoff expensive debts
Payoff your exisiting loan to lower your payment or reduce the term of your loan by getting a 10 or 15yr fixed loan.