You inherited a house. There's a mortgage on it. And somewhere between the funeral and the paperwork, someone told you that you have to refinance immediately or the bank will take the house. That's not true. Let's walk through what actually has to happen, and when refinancing is genuinely the right move versus when it isn't necessary at all. Do You Actually Have to Refinance? No — and this surprises most heirs. Federal law, specifically the Garn-St. Germain Act of 1982, prote