Key things to consider when you are refinancing:

How much will my refinance cost?

You should never have to pay high fees when refinancing your existing mortgage. At aasent we do not charge an origination fee, application fee, or any unnecessary fees. If your goal is to lower your monthly mortgage payments, does the cost of refinancing justify the difference in your monthly payment?

When refinancing to utilize equity for home improvements:

Make sure the improvements are necessary and will add value to your house. You may want to talk with an real estate agent, an appraiser or another professional who could help answer these questions.

You should consider the amount of time that you expect to remain in your current home to decide the best mortgage product for you (Fixed vs. ARM). Should I reduce my term (pay my mortgage off faster)?

Does the current or new mortgage contain any prepayment penalties?