When Should I Refinance My Mortgage?Is this the correct time to refinance mortgage? It may well be if you think all the reasons to do it.There are a number of reasons to refinance your home mortgage, and meaningful when is the precise time depends on your particular circumstances. Refinancing your home mortgage permits you to acquire a new loan to pay off your existing one. Both loans are safe by the same property.Lower you're Monthly Payments up to 20%The most universal cause homeowners refinance their mortgage is to lower their monthly payment. If interest rates plunge low enough under your present rate, you could keep money both on your payments as well as on the overall amount of interest you pay over the existence of the loan.Use Our Mortgage Form to get the best solution to refinance mortgage as per your situation : November 11 2009 - Fort Myers00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.