For example, at this time, the average rate on a Utah mortgage refinance is 5.64 percent.

If your mortgage rate is already high, this loan will help reduce costs.
You will have enough to pay off your old loan and surplus funds that you can use for important expenses.
When you start to see ads for mortgages at a considerable reduction in the interest rate you pay, it may be a sign to refinance.

Before your mortgage application can be approved for refinancing, lenders assess whether you deserve another loan.

mortgage rates future prequalify for home loan online fha refinance closing costs

However, if you decide on it at the right time and the right circumstances, it may well be the best financial move you can ever do for yourself and for your family.