If you are considering refinancing, you may hear the words “Net Tangible Benefit.”  Essentially, this means that the lender must show that there is a financial reason which benefits the consumer prior to refinancing the loan.  Reasons may include a lower rate, a lower overall monthly payment, a shorter-term loan, or moving from an Adjustable rate to a fixed rate.  Let’s discuss your situation to see if refinancing makes sense for you!