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Is it worth remortgaging? are planning to clear their mortgage in the near future then remortgagingchoice,’ he adds. Brokers recommend borrowers try to resist the temptation to extend their mortgage again when they remortgage totry reducing the term of your mortgage,’ says Murphy at the Mortgage Advice Bureau. ‘This way you will pay off your mortgage faster at the current low rateprint. Check that your existing mortgage does not have an exit penaltyremortgaging. Seek independent advice from a mortgagebroker. The internet can be helpful
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