A Refinance On A First Mortgage Will Typically Cost You $2,000 To $4,000

Those are upfront fees.

It's usually not a good idea to refinance your mortgage to pay off student loans. Such loans have a lot of flexibility and fewer penalties than other types of loans.

If you can get a Home Equity Line Of Credit (HELOC), that's usually a cheaper loan than credit card loans.

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I recommend evaluating the financial decision to restructure your debt in stages. Separate the refinancing decision from the debt consolidation decision. Before choosing to refinance, you need to see enough of a savings on the interest rate over the time you expect to be in the house. Bankrate's "Savings from refinancing" will help you estimate the savings and the payback period for a refinancing to make sense.

If it makes sense to refinance independent of the decision to do a cash-out first mortgage, you can look at adding your credit card debts into the mix. I'd leave the student loan alone. Without knowing the particulars of your student loan, other than the interest rate, the loan should have forbearance and deferral provisions that you don't want to lose by folding the debt into a mortgage.

HERE ARE SOME QUESTIONS TO ASK YOURSELF BEFORE REFINANCING:

* How long do you plan to stay in your home?

* If you pay off other debts with your refinancing, will you keep racking up the credit card and other debts?

* Will you qualify for the interest rate you want?

5. Can I Meet Today's Tighter Lending Standards?
If you took out your last mortgage during a housing bubble, where no-doc loans were commonplace, you may be stunned by the borrower requirements and documentation requirements to refinance in today's market. Many lenders will want you to have a high credit score and ask you to provide full documentation of your financial situation, such as recent pay stubs, bank account statements, tax returns and more.

6. Can I Prevent Going from a Good Loan to a Bad Loan?
If you're not savvy when it comes to money, contracts, and sales people (in this case, loan officers), or you just don't trust yourself to not make a mistake, refinancing might not be in your best interest. If you know you have a good loan, you may not want to roll the dice and see what you end up with when you refinance.