<human>:  What are the key points to consider when refinancing a mortgage?
<bot>: 
1.Calculate potential cost savings from a lower interest rate.2.Evaluate the terms of the new loan and compare them to your current loan.3.Determine the length of the loan and adjust it according to your financial goals for the refinance.4.Check the closing costs associated with the refinance and compare them to the long-term savings.5.Examine your credit score before applying for the refinance.6.Set aside funds for the down payment on the new loan.7.Research different lenders and get expert advice to determine the best refinance option for you.