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Finance blog: Top 10 reasons to refinance to a low mortgage rate

Here are the top ten reasons to consider a refinance even if you currently have a low mortgage rate. Some of them are obvious and some are not.

Obvious:

You are in an adjustable rate loan that is either at a high rate now or has the potential to go higher.

You have a second mortgage or home equity line with a high rate and large enough balance that if refinanced into a new first mortgage would save you money.

You want to use your home equity to make improvements to your house that will increase its value or "livability."