If you'll take the higher monthly payments, common sense to work with a financial planner to see how these increased monthly costs may impact your investment portfolio and the quality of life in general.

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You must ensure that if you want to go on and say, "I'll refinance my car" that your monthly savings are enough and will not incur closing costs.
If you have good credit scores, you will have more opportunities to refinance and get a better interest rate.

The refinancing rate home loan is negotiated between the lender and the borrower to make it as low as possible.

A fixed rate mortgage maintains the same interest rate for the loan term.

If you plan to live in the house for more than five or six years, then you can choose a fixed rate, which will give you a slightly higher interest rate, but it will not increase with long time.