Agree with the quoted price - $1/500 words. Sample below -
"After hitting record lows, mortgage rates across the US are again seeing an upward trend. However, if you are a homeowner who is exploring to refinance your mortgage, you can still avail a great deal. Refinancing your existing mortgage allows you to avail a fresh loan against your home, but with new terms and conditions. In most cases, refinance is done to change the loan duration or to avail the benefits of a more favorable rate of interest. Refinancing can also be used to add equity to your property, thus, freeing up cash that you can use elsewhere.
When refinancing with a goal of building equity in the property sooner, you can shorten the duration of the loan so that the amount due is paid off earlier than what was originally planned. You will also be able to get complete ownership of the property sooner. Consequently, the overall cost of the home or property will be lower as you will end up paying less in terms of interest.
Refinancing your mortgage assists you in keeping more liquid cash available for unforeseen expenditures, however, as with most decisions, you need to consider the advantages and disadvantages of refinancing your mortgage before coming to a conclusion."
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