…. came across a great article about Refinancing a Home Mortgage and what exactly goes into it. http://investopedia.com/printable.asp?a=/articles/pf/07/refinancing_mortgage.asp
At times, we think re-financing makes more sense for a lesser interest rate, at the same time we sometimes oversee the other costs involved and the break-even point to get back to the same mortgage principal.
Agreed it is completely dependent on the context and individual situations. I realized this article gives out the facts of what is involved, and individually your own math should help you decide your question – Refinance or Not.