In today's lending market, the interest rates are still at a good level which makes refinancing one's current mortgage a viable option for many individuals. A refinance is when homeowners take their current mortgage and trade it in for a new one which may have certain benefits attached thereto. Many individuals choose to do this as they wish

If your credit score is less than appealing you still be qualified to refinance online. There are many online lenders who specialize in subprime loans for individuals that have poor or bad credit. As with a regular mortgage lender subprime loans will have higher interest rates than loans for those individuals who have a good credit score.