Otherwise, your lender might not approve your mortgage refinance, experts say.
A change in your financial situation, like a layoff or lower income, or higher debt, could mean you don't qualify.
"Your mortgage rate and whether or not you get approved for a loan or refinance ... depends on you," said Channel.
You refinanced recently Technically, there are no hard limits on how many times you can refinance your mortgage, Channel said.
It may be in your best interest to only consider a mortgage refinance every few years, if your financial situation has changed or if rates are falling "really dramatically," Channel explained.
Persons:
Cohn, haven't, refinanced, you've