Mortgage rates have gone down over the years and you can easily avail lowest refinance mortgage rates through the current lenders without actually paying over the closing costs. The premium affordable refinance program has been designed to make the process of mortgage refinancing easy for you. But you need to consider certain important factors before you go for easy deals on mortgage refinance home rates. Here are few important factors that can affect your home mortgage refinance decision:Interest Rates – Compare your current interest rate with affordable refinancing rates and see if the refinance rates are really competitive. Also check whether there’s huge difference between the current interest rate and the refinance rate. It is very imperative to know here that you check the list of current mortgage interest rates and see that house affordable refinance loan rates are affordable for your requirements.What is the loan type – The type of mortgage loan that you wish to go for will also affect the home affordable refinancing rates. Are you moving from adjustable rate mortgage (ARM) to a fixed rate loan? All these imperative points need to be clearly defined before you go for affordable home mortgage refinance.What will be the Closing Costs? – When you go for home refinancing rates, you need to check how much will be the closing cost and whether you have the required amount in your short term savings. It is important to find here that there are some of the closing costs that can be easily negotiated./ All these things have to worked out by the borrower.The Credit Rating – If your credit rating has gone up substantially in the recent times, then you easily qualify for the lowest refinance mortgage rates. Again, in case your credit is likely to fall down, you have to take care of that fact too.Avail the best deals on the mortgage refinance loan rates and secure a home for yourself. Make sure that you analyze all the conditions which are necessary for refinancing the mortgage loan for the home as this will keep you on the advantage side.Among many other things, you also need to be sure about the total time that you wish to spend out there in the home and keep the home mortgage going? Are you planning to give your home on rent? Shop and compare and make the best refinance mortgage deals out there.