How Often Can You Refinance a Home Loan? More Than You Might Think How Often Can You Refinance a Home Loan? More Than You Might Think There are technically no limits on how many times you can refinance your mortgage. But refinancing too much has several downsides. Erica Sweeney, provided by FacebookTwitterEmail Homeowners with a mortgage often hear about the benefits of refinancing—to snag a lower interest rate, reduce their monthly loan payments, and tap into their home equity. The list of advantages is long and enticing. But if you've recently refinanced but have seen interest rates drop even further—or start creeping up—you might wonder if you can (and should) refinance again before rates truly skyrocket. So how often can you refinance? Is there a limit on how often you can take tap into this money-saving move?