Refinancing mortgage at a time when the interest rates are low is always a good thing to do. The high interest rates on the mortgages are responsible for a majority of homeowners’ monthly expenses. Refinancing mortgage at lower interest rates means that you don’t have to bear the extra charges. Still, there are some things that you should consider while refinancing at lower rates of interest. Focusing on these things is going to keep you protected from the ups and downs of refinancing mortgage. Have a look at the points that need consideration before you refinance your mortgage.