 TITLE: Which Loans Should I Refinance Right Now? CONTENT: Reasons to Refinance a Loan\n---------------------------\nRefinancing replaces your current loan with a new loan. It doesn't decrease how much debt you owe, but can benefit you in several ways. It can:\n*   Lower your interest rate to save you money\n*   Lower your monthly payment to free up cash\n*   Switch you from a variable-rate loan to a fixed-rate loan\nEach benefit can be helpful in its own way, and sometimes you may be able to take advantage of more than one. However, you also want to review your current loan arrangements before refinancing.\nBecause you're paying off your current loan with a new loan, you may lose any interest rate discounts or other benefits your current lender offers. Take this into consideration when deciding which loans to refinance. END