The thing is, refinancing is a big deal and for some people, this is a great time to do it and for others it is not the right time.

If the customer has a good credit rating, the lender is willing to finance the mortgage at a low rate.
6 months loans home mortgage formula low mortgage interest rate
The more money you can put on the table, plus a bank will help you refinance with bad credit.
Do not make the mistake of applying five companies in refinancing, you will not be taken seriously by the lender you choose.

Sometimes it is the only way to qualify for a purchase due to credit history, debt to income ratio or not enough income.

You can refinance existing loans VA home loan with a lower rate using a VA IRRRL (Interest Rate Reduction Refinancing Loan).