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In practice, automatic refinancing is the process of paying off your current car loan with a new one, usually from a new lender. Because of the way the interest on car loans works, the more months you pay for your car, the more interest charges you pay with your payments.Continue Reading

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You need to make some calculations to determine how many months it takes to reach this equilibrium point. If there is a chance that you will move earlier, refinancing is probably not the best move. By refinancing a mortgage, you will receive a new mortgage loan to replace the existingContinue Reading