They think that if they spend their current mortgage for a new one, they put more money in their wallets.
If you have a mortgage whose duration is fixed, you could get a mortgage refinance no cost over a different period of the loan.
As a result, you will be advised to opt for refinance loan with the right mortgage refinance rate.

Expert advice and wise decision making almost always ensure financial well-being for you and your family.

If the debt has been around for more than a year that gives you some payment records.
Many lenders see cash refinances as a slightly higher refinancing rate / mortgage term risk and may adjust the speed accordingly, in order to find what you premium costs. Also keep in mind that when you are from a new loan, you start with a new term.