October is National Credit Union month, and on the radio I have heard a lot of refinancing mortgage and loans promotions going on by local credit unions. My husband and I bought a new home and sold our old one a year ago, leaving us with a higher interest rate on our new mortgage. I am considering looking into refinancing our mortgage, perhaps with a credit union because I have heard that their interest rates are lower than the big banks. Has anyone ever refinanced their mortgage before? What are some things you considered before doing so? Is spending the time to refinance going to save us any money?