But how can you tell whether or not it makes sense to refinance? We offer the following tips:

Should You Refinance? YES if one of the following applies:

• If you can save at least 1.00% in interest rate.
• If you can save at least $100/month.
• If you have a second mortgage.
• If you can do it at no cost out of pocket.
• If you need to get cash out from your home.
• To consolidate your bills into one low monthly payment.