The most common consumer refinancing is for a home mortgage. By refinancing you can choose the perfect mortgage for your needs which may have changed since you first bought your home. Twelve refinancing rules when in doubt do not refinance or consolidate debts. Reverse mortgages are available as a refinancing option for older homeowners who have built up substantial equity in their property. Read our article should i refinance my mortgage to see if refinancing your home loan is for you. However if you are in the midst of financial difficulties if you have too much debt or if you have bad credit refinancing is loaded with pitfalls.
