We are convinced that the country is at or near a cyclical low in real estate prices, and now is an outstanding time to invest in real estate. The proof is in the amount of investors snatching up rental property at bargain prices. At the same time, for those who are already in the home of their dreams and are focused on other things in their lives, refinancing might be a great way to lower your monthly payment and lock in a great rate for the future. Interest rates remain at historic lows.
Perhaps you do want to buy a new home, but cash-flow is tight. Lowering your payment might be a great way to put some money aside for that future upgrade. Is is still very difficult for some to get refinanced with the recent tightening of the money supply. Here is an article that might give you some tips to improve your chances in lowering your monthly payment, and getting the best possible rate.