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Refinancing a Mortgage

Introduction to Refinancing a Mortgage

Refinancing involves paying off your current mortgage and replacing it with a new mortgage. It often involves many of the same steps and expenses that were required when the original mortgage was obtained.

The most common reason to refinance is to lower monthly mortgage payments, but there are other reasons to consider refinancing. Please read the "Reasons to Refinance" and "Should You Refinance?" pages.

Refinance My Mortgage

Should I Refinance My Mortgage

Whether or not to refinance depends on your own personal financial situation. There are many mortgage options available examine each option thoroughly. Depending on your situation, the best option may be to do nothing at all.

Do you have the funds that refinancing may require to cover up-front costs and fees?
Refinancing your mortgage may require you to pay substantial up-front costs and fees. If you do not have enough money to pay the up-front costs completely it may be possible to finance some of the up-front costs by including them in the new mortgage.