While most people get loan terms that seem great at first, over time those conditions and clauses can turn out to be disadvantages. It's not always easy to predict the market and how it can make your loans better or worse. However, refinancing processes exist explicitly to take care of this problem, allowing people with loans to adjust the terms of the loan to fit the present situation. It really pays to take a look at the market every once in a while and consider if you'd benefit from refinancing or not.