Refinancing a mortgage consists of exchanging the current terms of your mortgage for a new set of terms. Although many homeowners assume that it will be difficult to convince their lender to do this, many lending institutions are open to discussions regarding refinancing, as they know that they risk losing custom, if the borrower is refused and decides to refinance with another bank. Although from the borrower’s perspective, it pays to shop around and look for the best refinancing deals, more often than not, their current lender will offer them the best terms. For More Details Please Visit: http://www.acenden.org