Lower Your Interest Rate. You can save thousands of dollars over the life of your loan when you refinance and get a lower interest rate. Use our mortgage amortization calculator to calculate your savings. Amortization Calculator ; Lower Your Monthly Payment. You can save hundreds of dollars each month when you refinance and get a lower monthly payment.
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Tax Implications When You Refinance Rental Property. Refinancing an investment property can have certain tax implications. It’s important to consult with a tax expert to make sure you know what they are. In general, after you refinance an investment property, your interest rate is lower so you’re paying less interest.
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A property tax deferral exists for eligible veterans over the age of 65 and for active duty personnel. Connecticut: All eligible veterans in Connecticut may receive a property tax exemption of $1,500 from the total assessed value of his/her property if the veteran served at least 90 days of active duty during wartime and are honorably discharged.
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Student loan refinancing: Save thousands of dollars with these 5 smart moves. You could hardly blame them. The latest batch of graduates in 2016 are averaging over $37,000 in loans per student, per recent government data. There are certainly small smart steps borrowers can make to mitigate the damage.
When you refinance student loans, you consolidate your existing federal and private education loans into a single loan. This new loan does not have an origination fee and typically has a lower interest rate. You can often choose between a fixed or variable rate loan when refinancing.