False. Lowering your interest rate and payments is a good thing. But because your home loan is your number one financial investment, refinancing is about meeting the changing needs of your life. Job loss? If you can't meet your mortgage payments, you may want to refinance at a higher interest rate but with lower monthly payments. Future financial needs? You may want to refinance with higher monthly payments to build equity faster.

That's what we're about. We're not here to just sell you lower interest rates — we're here to help you make the right choice. Check out the sections below or take a look at our guide to refinancing loans to find the solution right for you.