Refinancing your mortgage Is refinancing right for you and what does it entail? Let's find out. Planning to refinance Refinancing your mortgage is a significant decision. Be sure you understand your options, whether it makes financial sense and the steps involved. Costs of refinancing Refinancing can save you hundreds of dollars per month, but before you dive in, it's important to understand all the associated costs and long-term impacts. Options for refinancing There are three primary types of refinance mortgages, each designed to meet a variety of personal and financial goals. Which one is right for you? Working with your lender Your lender will play the biggest role in your refinance, and you'll want to do your homework and be comfortable with who you select to manage your new loan. Closing your loan This is the final step in the refinancing process and is very similar to when you closed on your home. Find out what to bring and what to expect.