Mortgage Refinance Today

You should consider refinancing your mortgage whenever:

• interest rates drop
• your financial status changes

Because of the huge leverage involved in the typical 30 year mortgage, a small change in interest rates will produce a huge change in the total amount of interest payable over that long time frame. A small drop in interest rates can save you thousands of dollars -- if you refinance.

For most folks, their home equity represents the vast majority of their net worth. By changing the terms of the mortgage, you might gain the use of thousands of dollars of equity -- to spend now. Or you can lower your monthly payments to get through some lean times now. If you refinance.

Rates change on a daily basis, so watch closely, then act fast!