With rates still very low (hovering around 4%), many homeowners are starting to think about refinancing their current mortgage. There is a potential for lots of savings, depending on what your current interest rate is and the terms of your new loan.

Sometimes it's a good idea to refinance simply because rates have come do so much that you can have substantial savings each month. Other times, you may want to put more money down on your loan to lower the payments, which is also a good reason to consider refinancing.

First, you will need to get an idea of the value of your home in today's market so you can see if refinancing would make sense. Especially if you purchased it between the years of 2004 and 2010, it may not be worth as much as when you purchased it. The only way to tell is to have an expert give you a range of value. Only then can you really look at the numbers with a mortgage consultant and see if this is the right move for you.

If you'd like to get a range of value for your home, fill out the form here and we'll send one out to you: www.MyMontgomeryCountyHouseValue.com.