The moment you started searching ways to refinance mortgage loans is probably caused by your monthly payments increase. For sure it’s time to look for more attractive interest rates and terms for your loans. Find bellow tips to refinance mortgage loans. Make all the calculation before taking the decision. Sleep on the idea and see all the aspects of refinancing. When is time to refinance mortgage loans? · The new market interest rates are lower than you existing loan. The statistics shows that in better to refinance only if the interest rate is with at least 2% lower · The additional cost together with the new loan are lower than the monthly payment · You have a found with saved money for extra costs (evaluation, paper costs, etc.). Usually those costs are not included into the loan. · The property value increase or decrease not more than 5% in the last 3 months · If you refinance mortgage loans that include all credit cards debts · If you do not have no late payments in the past 12 months · If you are refinancing in the first 10 years in a 30 years mortgage loan In this moment we hope you get an idea when is the best time for you to refinance mortgage loans. Good Luck!