We’ve been in our home now for five and a half years, and just this past June we had to renegotiate our Mortgage and decided to try mortgage refinancing so that we could get a better rate and lower our payments over all.

Since we’d never been through the process of renewing and or negotiating a current mortgage loan for a new one with a lower rate we were pretty confused. I went back and forth on the phone with our mortgage company and broker several times over a period of three weeks or so before we settled on a deal that would give us an adjustable rate mortgage with pretty much the same low interest rate that we’d been paying. However thanks to our paying down on our loan just prior to refinancing we were able to lower the monthly payments by a fraction. That’s come in very handy in recent months.

I’m really not looking forward to the next time we have to deal with our mortgage company, but at least this time I’ve got a little bit of experience. I’ve also found a website that is full of great information on Mortgages- getting one, and refinancing, plus the site even offers assistance if finding you a broker. I think I’ll spend some time over there reading up on all the information before I go through this experience again.