Also, new Government stimulus programs make getting ease a mortgage refinance easier than ever and the other program is the home loans for people with bad credit . Benefits to refinancing is usually depending on a persons situation. For some people homeowners, a refinance won't be also a great idea the least bit. Each one will have to evaluate their finances, cause real progress, and the costs involved, if ever the benefits are worth it. Also, be sure you consider the reasons you would like to refinance. Would you like lower interest rates?