You can enjoy the benefits of refinancing if you can get an interest rate of 2 per cent below the rate on your current loan.

Other federal cuts in interest rates may be good for your existing mortgage to a variable rate.
On the other hand, if you plan to move in the near future, you can not be in your home long enough to recover the costs of refinancing.

No matter what the lender, the final decision is yours and it is of the utmost importance to make this decision taking into account your financial situation.

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If you are considering a mortgage refinance loan, do not expect companies ready to approve your application on the spot.

Remember that ignorance will not be taken to relieve you perform your own part of the deal.