Home loan rates Where to start
You also need to investigate the risks of refinancing your mortgage. Some debts have a cost for premature settlement, this may be a cost of refinancing your mortgage. The refinancing process may also have some costs. Make sure that when you are doing the math of how much you might be saving with a particular mortgage refinancing plan that you factor in these costs. Another thing to consider is an option called points, which means you can pay more one time costs in the beginning of the new contract and pay less interest for the rest of the mortgage.