If you are planning to get a new loan, try to put your financial house in order to get a new loan will not be difficult.
Learn from the mistakes of others and do your research before signing up for a loan.

At the end of the term, monthly payment amounts to a combination of interest and principal.

Your retirement or investment portfolio should not be forgotten in the race for a refinance that will take years to repay.
The other facet of a mortgage program is the FHA CT program using the owner if you fall on hard times and need help to make your payments.

But do not overlook other factors that also affect whether you should refinance and loan type to select.