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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Refi trends Date:  10/15/2012  5:12 PM
Author:  PSUEngineer Number:  306054 of 312146

saving thousands of dollars.

That should be thousands of dollars in interest. The actual total savings is dependent on what you do with the difference in monthly payments between the shorter and longer term loans. It could be that there is a cost, not a savings for taking the shorter term loan.

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