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Refinancing your mortgage usually makes sense if you can lower your interest rate by at least two points. But the most important question to ask yourself is, how long will it take you to break even?

Barbara Corcoran
Two, Break Even, Long
"Will you save in the long run? Refinancing 101" by, www.today.com. March 17, 2010.
Refinancing your mortgage usually makes sense if you can lower your interest rate by at least two points. But the most important question to ask yourself is, how long will it take you to break even?