Why Refinance your mortgage?

I think everybody knows about the financial crunch that happened a few months back. It resulted to financial unstabilities to some extent. But for some, they took it as an opportunity. Talking about mortgage -- although risky -- some even took it as a perfect time for mortgage refinance.

Here are the reasons why one should consider this:

1. Save money – one can get a new lower interest rate and it can even lower your monthly payment.

2. Increase cash flow -- this is a perfect chance to get a higher refinance amount and use it for other important matters.

3. Cut the length of your mortgage -- Refinance to a lesser term and it will save you thousands of dollars!

4. Security against rising interest rate -- Like what happened a few months ago, interest rates just spiked without notice. You need to secure yourself if this ever happens again.

So -- how about it?