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Mortgage loan refinancing has various added benefits if employed properly. But if you have a lapse of judgment, you may make a costly mistake and may place your entire home at risk. Here are 5 costly Mortgage refinancing errors that we at Israel law firms say you have to avoid. Mistake #1: Not locking in your interest rate Mistake #2: Not shopping around Mistake #3: Refinancing too often Mistake #4: Not computing your break-even point Mistake #5: Re-financing simply for the heck of it If you need help in determining if refinancing is right for you, contact an Israeli attorney for assistance.