What happened is that a lot of less-than-scrupulous mortgage brokers sold good for 2 or 3 years mortgage teaser rates, when rates would rise, often beyond 4 or 5 points from the rate of the normal housing market.
Many people do not even realize that their home has significantly increased in value since their purchase.

As a borrower, try to avoid excessive fees charged by lenders as mortgage fees, appraisal fees, inspection fees, credit report fees, mortgage insurance and all other costs subscription.

The deposit requirements, which currently stands at 3%, can be lowered to 1.5%.
Each lender will offer a host of different refinancing package, and each has its advantages and disadvantages, depending on your situation and current financial needs.
When you secure refinancing for your home, you put as collateral for the loan.