Looking to lower your home loan payments, a refinance home loan or mortgage can do just that

It's a good time of year for a refinance home loan or mortgage. Interest rates are down and who knows what the new year will bring on refinance home loan rates.

Need to add on to your home or maybe your car is costing more than you would save on interest rates, a refinance home loan is a good way to get it. Debt consolidation or refinancing mortgage is a smart choice to put more money in your pocket at the end of the month. It will in-able you to finally get ahead and maybe put some away for a rainy day.

As a general rule of thumb, refinancing may be worthwhile if your current refinance home loan rate is at least two points higher than what the refinance home loan market rate is.

There are other considerations, too, such as how long you plan to stay in the house. What does the neighborhood look like. Are people adding on to their homes or remodeling, these are signs that the property values are going up too . Maybe their are some new schools or shopping malls being built. These people don't build these things if the property values are going down or new people aren't going to move in and take home mortgages, "they do check these sort of things out". So instead of moving, another choice is a home renovation loan or refinance home loan.