If you're hesitating on taking advantage of today's low mortgage rates because you wonder how many times can you refinance a mortgage, you can rest assured that this question should not be hindering your decision. The battom line is that as long as you are able to qualify for a new mortgage, you can refinance as many times as you want. There are however, other limiting factors that you should keep in mind. In other words, simply because rates are currently very low and there is a lot of chatter about refinancing today to take advantage of them doesn't necessarily mean that doing so would be a wise choice for you.
Something you need to keep in mind when it comes to refinancing a home mortgage is that you are literally getting an entirely new loan on your property. Whenever you get a new loan, you will have to go through the complete process involved in getting one. And this includes many of the same expenses such as getting an appraisal, paying title fees and closing fees as well as paying the lender some fees to undertake the whole process. When you add all these expenses up, it comes out to a pretty good chunk of money. You'll need to figure out if it actually makes sense for you to incur such a big expense right now.
There are several different options you can take if you're not sure how to determine whether this would be a good move for you at this particular time. Most likely, the best thing you could do would be to talk to a well qualified mortgage advisor. There is certainly no doubt that the mortgage industry and its players have taken a lot of heat the past few years. Despite what you hear in the news all the time, there really are a lot of good, honest, hard working mortgage advisors out there who can, and do, give out solid information to their clients (and would be clients).
You see, if they give you good information and don't pressure you to go forward with a loan that you don't need, you will probably be impressed with their professionalism. Instead, what they may want in return for their time is simply that you keep their name in mind in the event you know of anyone else that might be in need of mortgage guidance or advice. There's a good chance that they'll even hand you a short stack of their business cards to hold on to and pass out, should the situation occur. You should recognize this as totally normal behavior of a good lender, as the majority of their business will be based on referrals of people who were happy with the service levels they provided. And if they have given up their time to look at your situation and give you some good, honest advice or feedback, then you should show your appreciation by being willing to share their name with others. After all, they will get the same good, honest treatment you got, so why not share?.
if your last experience with a lender wasn't the greatest, then don't despair. Instead, just ask around with the people you know. There's a good chance someone you know knows a good lender and will be happy to share their name and contact information with you. One other option you might want to consider if you don't have anyone to ask (maybe you're new to your areas…), is Zillow.com.. By visiting that site you can take a look at various lenders who can help you in your area and, even better, you can get a look at the kinds of customer reviews they have received. Clearly some are better than others. An added benefit of this site is that you can submit your information to receive a quote, however you will always remain 100% anonymous. What this means is that you won't suddenly get flooded with calls and emails from a bunch of lenders who won't leave you alone. Rather than that, you simply look at the quotes that were sent to the website for your situation, you look over the quote AND the lender (lender's profile), and you get to decide whom (if anyone) you want to have a conversation with. This really turns the table on who is in control of the process, and I think it's an excellent model.
One more option, if you're just in the mood to do a bit more reading before taking any action; you can go to this article to read more about the "
When to refinance rule of thumb".
Other articles that may be of interest regarding
mortgage refinancing:
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Long Term Benefits of Refinancing -
Refinancing for Financial Planning 
