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If You Decide To Refinance

If you decide to refinance into a loan that will allow you to pay off your credit cards faster, you will more than likely be able to skip a month of your mortgage payment. Use the money saved from making that payment, and apply it to one of your credit cards. Remember that once the credit cards are paid down or destroyed to not close out the account. This will help your credit score in the long run. The credit bureaus like to see accounts with a zero balance that have been open for a long period of time.

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