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  5. Refinancing doesnt reduce your debt, it just restructures...

Refinancing doesn't reduce your debt, it just restructures it, so be clear about what you want to achieve with a refi.

Barbara Corcoran
Debt, Want, Achieve
"Will you save in the long run? Refinancing 101" by Barbara Corcoran, www.today.com. March 17, 2010.
Refinancing doesn't reduce your debt, it just restructures it, so be clear about what you want to achieve with a refi.