Refinancing can help you lower your interest rate, lower your monthly payments or even change the terms of your loan. However, refinancing won’t necessarily address other financial issues or goals you may have such as saving for retirement, paying off debt or building equity. Refinancing can be a good option to help you manage your debt but most people want strategies that will help to rapidly eliminate the debt instead. Refinancing works well as a tool that can be used in holistic investment strategy that addresses paying down your mortgage faster, saving on tax, generating cashflow and building wealth for the future.