Homeowners with a mortgage often hear about the benefits of refinancing—to snag a lower interest rate, reduce their monthly loan payments, and tap into their home equity. The list of advantages is long and enticing.
But if you’ve recently refinanced but have seen interest rates drop even further—or start creeping up—you might wonder if you can (and should) refinance again before rates truly skyrocket. So how often can you refinance? Is there a limit on how often you can take tap into this money-saving move?