How do you go about refinancing your mortgage?

by woodleywonderworks

Question by Droppin Knowledge: How do you go about refinancing your mortgage?
I have a 5 year interest only mortgage and just closed on my condo 4 months ago. It appears rates are lower. How do I go about refinancing and what are the advantages? If it’s lower should I autmoatically do it?

Best answer:

Answer by Luckys Charm
Well im kinda going thru the same thing. But even though rates are lower is your credit score higher. Thats the question. J O may answer your question and he can help you. Another thing is do you have a pre-payment penalty.

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