[Jaysun]

You dont get wealthier by refinancing. You just get closer to bankruptcy. There should be no need for refinancing if you are able to handle your money right.

Yes you do. Refinancing is super idea when the goal is to reduce the interest rate. Also, it's not necessary to refinance the total value of your home, only the amount owed. I can't see why ANYONE wouldn't want to reduce their interest rate.

[tomjohn77]

I see your point in lowerig the interest rate, but refinancing and loaning money in your house is not a good idea . After a while you have refinanced so many times that you dont even own the forks in your house. Refinancing should not be done to many times. Many stupid people refinance many times and use credit cards to the limits because they dont know how to use their money. Usually poor people use this to many times to get money for a car they want or holidays etc.