By refinancing you can also put you in a better financial situation in 3 different ways.
Your interest may be more than an MRA, but you have the confidence of knowing that your payment will be each month for the remaining term of your loan.
This can literally save you thousands of dollars over the life of the loan.

current 5 year fixed mortgage rates bend refinance 15 year mortgage rate trend chart

Think of it as a way to consolidate your current debts or simplify your bills.

Usually, it may take more or less than 45 days from the date of application to close.

Refinance debt consolidation improves cash flow and keep in mind that when you consolidate credit card debt, you are transferring unsecured debt secured by your home debt.