However, mortgage refinancing does come with higher closing costs and a longer approval process compared to a HELOC. (valuepenguin.com)
This is a common strategy used by borrowers who want to minimize their long - term interest costs (and don't mind paying higher closing costs to achieve that goal). (homebuyinginstitute.com)
Talk to several mortgage lenders to compare deals, even if they involve higher closing costs. (loanbiz.com)