Definition of Goldilocks
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Refinancing is replacing your current loan by paying it off with a new loan, and there are many reasons to consider refinancing. Before you do so, it is important to decide if the benefits outweigh the cost of the new loan. In particular, take a look at current rates, your current financial needs, and the fees associated with refinancing. With some due diligence, refinancing can be beneficial for any of the following reasons:
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