best way to make money when refinancing
The time to refinance is when you want to make a less-than-desirable mortgage better, not when you want to buy something with that money. Refinancing might be good if: 1  You have an adjustable rate mortgage. 2  You have an interest-only loan.3  Your house note goes for more than 15 years (such as 30, 40 or 50 years).he time to refinance is when you want to make a less-than-desirable mortgage better, not when you want to buy something with that money. Refinancing might be good if: 1  You have an adjustable rate mortgage. 2  You have an interest-only loan.