How to Protect Your Finances During the Coronavirus Pandemic

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3. Refinance your mortgage

If you want to have a big chunk of money at the end of the month, refinancing might be an excellent idea for you and your family. Due to the coronavirus pandemic, the vast majority of mortgage companies have reduced their interest rates.

Approximately 19.4 million American homeowners have the possibility now to cut their monthly mortgage costs by more than $300. So, if you can brag about having a solid credit score and at least 20 percent home equity, what are you waiting for?

It’s time to opt for low rates in order to minimize monthly mortgage payments!

Psst! Here are 7 Things You Should Know When You’re Struggling to Pay Your Mortgage

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