And since refinancing can get you a better, lower interest rate, it’s a very financially savvy perk for anyone who refinances. When you got your initial mortgage, you may have ended up with an adjustable rate mortgage (ARM). Do Your Research Before You RefinanceAre you ready to reap the benefits of mortgage refinancing? A financially sound choice, refinancing can secure a lower interest rate and big savings over the course of the loan’s lifetime. Search for the best mortgage refinancing lenders and compare what they can offer you.