![Borrowers meet with a loan officer to refinance their mortgage.](https://www.bankrate.com/2020/08/31104604/Do_I_need_to_put_money_down_to_refinance.jpg?auto=webp&fit=crop&width=230&height=150)
Do you need a down payment to refinance your mortgage?
Usually, no. But you still need to have some cash on hand at the closing.
Mia Taylor is a contributor to Bankrate and an award-winning journalist who has two decades of experience. She has worked as a staff reporter or contributor for some of the nation's leading newspapers and websites including The Atlanta Journal-Constitution, the San Diego Union-Tribune, TheStreet, MSN and Credit.com.
Usually, no. But you still need to have some cash on hand at the closing.
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