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What are the benefits of a home mortgage refinance?
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The primary benefit of refinancing your home is that you may be able to lower your monthly payments and save money on interest. You can also take advantage of more favorable loan terms, such as longer loan terms or lower interest rates. Additionally, you may be eligible for tax deductions related to your mortgage, such as points paid at closing or any prepaid interest. Finally, refinancing can help you build equity in your home by reducing the amount of principal you owe over time.