Anyway this is not true and homeowners can actually make a significant financial mistake by re-financing at an inopportune time. There are some classic examples of when re-financing is a mistake. Info About Mistake To Re-Finance Many homeowners make the mistake of thinking re-financing is always a viable option. Other examples are when the interest rate has not dropped enough to offset the closing costs associated with re-financing. Recouping the Closing Costs In determining whether or not Get the best mortgage rate by obtaining all cost information