This year, mortgage rates have been lower than usual. With refinancing recently recorded as one of the most popular mortgage applications submitted to lenders, it’s clear that most borrowers have taken advantage of this money-saving opportunity—but 1 in every 10 borrowers have surprisingly missed out.

This summer, refinancing was recorded as one of the most popular mortgage applications submitted to lenders throughout the country. It’s a smart, cost-effective option for many homeowners, but remember that this home financing option isn’t for everyone. Check out our list to determine if refinancing will save you money!

Before the time of room-rental services, lenders could easily distinguish the difference between a primary residence and an investment property. With the introduction of Airbnb, Inc. and its rental counterparts, however, the distinguishing line between the two has been blurred. According to The Wall Street Journal, this has become a large problem for homeowners looking to refinance.

Preparing to refinance your mortgage is similar to that of purchasing a home. In both cases, borrowers must provide their lenders with numerous specified documents, such as tax returns and income statements. It can (but shouldn’t be!) a lengthy process. Prior to applying for a mortgage refinance, save yourself tons of time by reading our mortgage refinancing checklist.

As you probably know, mortgage rates are at an all time low. These low rates have caused an influx of mortgage applications, especially from homeowners looking to refinance. In fact, according to the Mortgage Bankers Association, refinance applications have increased by an astounding 21 percent, matching levels not seen since January 2015. Financial analysts, however, predict that mortgage rates will increase in the near future, so buyers need to act fast if they want to lock in today’s rates. Here are eight reasons why you should consider refinancing today.

Summer is in the air! With a seasonal vacation on the horizon, it’s time to start thinking about saving up for those vacation expenses. According to HousingWire, a popular U.S. financial news source, simply refinancing your mortgage may be your perfect saving opportunity this year. Here are three reasons why.