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  • Article Check - Oregon Refinance Loans – The Rules of Refinancing

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    responsible for paying back whatever you borrow. The rule you want to stick to is: never borrow more than you can afford.

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    Getting an Oregon refinance loan isn't as simple as it used to be. Borrowers have way more options to choose from than they ever used to. This can make the entire refinancing process seem overwhelming. If you need a little guidance, here are a few refinancing rules that you'll want to follow to the letter.

    Borrowing Rules

    Regardless of the lender you choose, you will probably be asked whether or not you want to borrow any additional money when you apply for your Oregon refinance loan. As tempting as cash out refinancing can be, it is important to remember that you will be responsible for paying back whatever you borrow. The rule you want to stick to is: never borrow more than you can afford.

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    ke the entire refinancing process seem overwhelming. If you need a little guidance, here are a few refinancing rules that you'll want to follow to the letter.

    Borrowing Rules

    Regardless of the lender you choose, you will probably be asked whether or not you want to borrow any additional money when you apply for your Oregon refinance loan. As tempting as cash out refinancing can be, it is important to remember that you will be responsible for paying back whatever you borrow. The rule you want to stick to is: never borrow more than you can afford.

    The Twenty Percen

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    Borrowing Rules

    Regardless of the lender you choose, you will probably be asked whether or not you want to borrow any additional money when you apply for your Oregon refinance loan. As tempting as cash out refinancing can be, it is important to remember that you will be responsible for paying back whatever you borrow. The rule you want to stick to is: never borrow more than you can afford.

    The Twenty Percen

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    itional money when you apply for your Oregon refinance loan. As tempting as cash out refinancing can be, it is important to remember that you will be responsible for paying back whatever you borrow. The rule you want to stick to is: never borrow more than you can afford.

    The Twenty Percen

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    responsible for paying back whatever you borrow. The rule you want to stick to is: never borrow more than you can afford.

    The Twenty Percent Rule

    The old rule that says you should have 20 percent down on your loan seems old fashioned these days, but it is actually very good advice that can apply to both new mortgages and refinances. If you don't have at least 20 percent equity in your house, you will be required to pay private mortgage insurance (PMI). PMI can be costly and is a serious waste of your money. Keep this in mind when you decide you want to roll in closing costs or get cash back at closing.

    Closing Cost Rules

    Closing costs on Oregon refinance loans average $3,137. This is slightly higher

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