Does refinancing your mortgage loan help at all?

Whether one should refinance their mortgage depends on their situation. If one can transfer to a new loan which offers say 2% or more reduction in interest payments than the move to a new loan might be a wise decision. If however the new loan has variable rate of interest, or the different is soo slight that the cost of new application and transfer fees are greater, then there wouldn't be much point in refinancing. There are many variables to consider, more information of which can be found on the Investopedia website.