Over the years, people have come to me to refinance for financial reasons or personal reasons. In response, I can say with all certainty, that I have talked more people out of refinancing, then to proceed with a refinance application. A Refinance Must Make Sense! Just because some of your friends might be refinancing, or a couple of people at work are refinancing, doesn’t mean refinancing would necessarily make sense for you. A refinance can be done with very little costs, to no costs, to even negative costs, so that the refinance starts paying for itself on day one!