You have already found your dream home and even obtained a mortgage to finance its purchase. However, your objectives, aspirations, and interests continue to change as the circumstances evolve, families outgrow themselves, and you sail through the arduous course of your life, hopping from one job to another or busy expanding your business to unchartered territories. Whether you have been residing in your property for over a decade or a few years, refinancing your existing home loan may indeed prove to be a wise decision and help pay off your debt faster. To suffice, the extent of research, documentation, expenses, as well as the closing procedure involved in refinancing are all precisely identical to what you were subjected to when you secured the first mortgage sans the hassles of zeroing in on the right home and negotiating the best possible rate.