can i refinance without mortgage getting higher?

Do you mean the payments or the balance? You can most likely get your payments lower, but most likely your balance will increase if you include the closing costs in the refi. If you pay the closing costs out of pocket than your balance will stay the same. There's no point in refinancing if you're going to be paying more on a monthly basis. The principal shouldn't really matter if it increases or not because 9 out of 10 times you won't live in the house long enough to pay it in full.

You can do a rate and term if your credit score is high enough.this will allow you lower your monthly payment. Its all about your f.i.c.o. score..Raven Dave

You might be wondering whether the time is right for you to refinance your mortgage. You might even be wondering if you should refinance your mortgage at all. Since refinancing is not a decision to be made lightly, there are several facts you will want to consider before going through with it. There are various ways for you to figure out if now is the best time to refinance your mortgage.

Times when it's good to refinance:

When you want to consolidate and pay off other debts, refinancing gives you a great chance to pay off your loans at a lower rate when you consolidate them. The interest you pay on your mortgage will also be tax-deductible and this will lead to cheaper payments in the long run.

If lower interest rates are available, and you're looking to save some extra money, why pay a higher interest rate? If your mortgage is not on a fixed-rate interest program, it is definitely to your advantage to shop around and try to find better rates, even after your home loan is secured.

The duration of your mortgage can also be adjusted through refinancing as well. If you want to shorten the length of your mortgage from 30 years to 15, refinancing can make that
happen.

If you're looking to get some extra cash, refinancing can go to work for you. If you choose to do cash-out refinancing, you will get the cash you need right away, and it can be used towards anything.

As you can see from this list, refinancing can have many benefits. There are many options available through refinancing that can give you more money for now, and more savings for the future. However, there are other times and situations where refinancing would not be the best option.