What Do I Need To Know Before I Refi?

Martin is going to speak with his loan officer today about refinancing his mortgage as rates have been dropping. He wants to know what he should be aware of before he heads in there. He writes:

I am going to meet with him after work today, but was wondering, what sort of things do I need to look out for, and know, going into this? This is my first mortgage ever (I’m 21) and don’t know too much about what’s normal and what’s not. If you could give me any hints or suggestions, that’d be awesome! Thanks so much, and have a great day!

More experienced homeowners out there, any helpful tips for Martin?

(Photo: Getty)