Refinancing your mortgage is a relatively straightforward process depending on who you are working with. The concept is at least simple. Your objective is to reduce your rate, lower your monthly payment, change the terms of your loan, switch to a new lender, consolidate debt, take cash out of the equity of your home, or a combination of some or all of these. Most of the time you can do a refinance without any money out of pocket depending on what type of refinance you are trying to do. The following are a few tips that can save you thousands when doing a refinance.