Many home owners who have mortgages have been wondering if it is worthwhile to refinance their home to save money.
 First look at your current interest rate and the new rate that is being offered.  How much will you save each month? Then see what your closing costs will be.  Then think about how many years you think you might be in your home.  The rule of thumb usually states that if the new interest rate is 2 or more points lower than the current one, then it may be a good idea.  If it's not then it may not be worthwhile if you plan to be in your home 5 years or less.  Many homeowners forget that although their payment may be lower,  the years of paying off the loan will go back up to 30 years again.  So do your careful calculations to see what's right for you!