Purchase and Mortgage Refinance Information Refinancing over to a loan with a fixed rate may help you to save thousands in the future. You can not only reduce your monthly payments, you will also lock in a solid rate for as long as you live in your home. One year Adjustable Rate Mortgages, (ARM), offer enticing introductory rates, experts in the field don't recommend them since you could quickly face bigger payments if the payments change with an increase in interest rates. It Is Easy and Quick to Refinance Your Mortgage with FHA Streamline Direct. Save lots of money on your home mortgage by refinancing while interest rates are lower than ever. There hasn't ever been a better time to refinance your home mortgage. Plus, using your existing FHA loan you've already been approved, even if you've got credit problems. You can look at up to six differing rates instantly, with the use of our mortgage calculator. This handy gadget evaluates your current mortgage and presents several options for refinancing. You choose the option that best fits your situation, knowing the total amount of money can be saved each month and the total savings for your home mortgage.