This is a great time to refinance a home and it is now possible to have your mortgage refinance made easy with all the low rates available and mortgage advisors falling over one another to help you out. There are so few people in the mortgage market today that you really can pick and choose your new lender.Refinancing a home allows one to use the equity in the home to decrease the amount of money that needs to be financed thus lowering the payment. Lower interest rates will decrease the monthly payment allowing for a better quality of life and more money left over at the end of the month. If you have an adjustable rate mortgage you will be able to change the type of mortgage and get a fixed rate mortgage if you desire. Another reason to do a mortgage refinance is to shorten the length of the loan allowing for more equity to be paid each month and then having the house paid off in about half the time if going from a 30 yr to a 15 yr mortgage.With excellent home prices and low interest rates, now is the perfect time to refinance your home. Thanks to the internet it is easy to shop around for the lowest fees for the mortgage and lowest interest rate. Unlike a first mortgage getting a refinance is much easier and less stressful. Take your time looking at lenders and you will find this an easy and financially rewarding process.