The lower your loan-to-value ratio, the better off you'll be when refinancing. For conventional loans, a rate-and-term refinance can't have an LTV above 97%, while a cash-out refinance can't ...

If the value of your house falls, you could end up underwater on the loan, owing more than it's worth. If this occurs, it can be difficult to sell the property or refinance your loan. It may be ...

This doesn't mean your initial terms have to stay the same until you pay off the loan in full, though. You can refinance your personal loan and get better terms. Maybe you've improved your credit ...