Pay points for your reduced interest rates and make sure they are written on your income tax.
You can even take a loan for a longer period known as the loan-extension and start paying EMI even lower. If you are considering refinancing your home, then you should refinance before it is too late.

Unfortunately, things have changed in the form of the poor economic situation of the world.

closing costs mortgage refinance can be very expensive to go often in the thousands of dollars.

So before signing on the dotted line do as much research as possible with regard to the first refinancing without closing costs.

If the rate is higher than the rate on your current mortgage, you can end up costing you more money.