"If the original loan was an adjustable rate loan refinancing allows the borrower to change the type of loan rates fixed rate loan thus reducing the risk of the borrower.

2010 will be known as the year when everything changed for the real estate market.

Financial experts generally recommend refinancing if it gives the customer a lower rate at least two points.

But beware - a lower interest rate will not necessarily give you savings.
The policy governing how the mortgage limits are established shock the policy outlined in the Economic Recovery Act of 2008 (ESA), which applies to loans originated in 2008.
If you use a mortgage broker be sure to shop from a collection of offers and read all the diminutive pattern.