Mortgage refinancing plays a very important role for many home owners, particularly if they are struggling financially. It is a better alternative than falling prey to foreclosure, and if better interest rates can be negotiated, the home owner may find themselves in much better circumstance. Interests rates which increase as inflation increases are not a good option for most home owners.
Dan Rogers
There are certain circumstances that come into play in terms of mortgage refinancing. A cash strapped home owner may benefit from a refinance, if the interest rates they are paying are making the property unaffordable. In some circumstances a refinance is a good thing, but in others it may not be so good, it just depends in the financial position of the individual.