Refinancing Your First Mortgage

The bursting of the housing bubble in 2008 has redefined the American real estate landscape in just about every aspect. Nowhere is this more evident than in a tightened credit atmosphere which makes getting a mortgage or refinancing as difficult today as it's ever been. Where banks used to have 35 to 40 rate sheets to work from 20 years ago, many are down to one or two today. So if you're thinking about refinancing your home, be prepared to do a little bit of work.