Do the mortgage refinancing if: - the interest rate and all additional costs will decreases - mortgage refinancing is used to get a bigger amount - mortgage refinancing will get together more short-terms loans in one longer-terms loan. This is s good advice taking into consideration that usually the short-terms loans have bigger interest rate. On long-terms there are fixed rate. This way is reduced also the risk of increasing dramatically the interest rate, thus with the movement on the financial market. Before taking the decision to refinance, please check all the conditions of the existent mortgage loan. Please make some calculation of the early repayment costs, if there are, and calculate also the new taxes that will appear with the new loan. Some times is better to keep the existent loan, in stead of refinancing.