The rest of us want to know who got the best solution with the least amount of work, so we can get on with our lives.

These banks are more willing to give loans to debtors who are able to repay their loans.

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For someone with a variable rate mortgage, the inevitability of some time refinancing is a fact. While refinancing a fixed rate mortgage is generally recommended only if interest rates fall, there is the chance to save on your current fixed rate too.

If your interest rate is high, chances are you are struggling every month to repay the debt.
In such situations, it is in the best interest of one to get a mortgage refinancing home from a bank with which one has an account for several years.

Financial experts generally recommend refinancing if it gives the customer a lower rate at least two points.