Today’s interest rates are some of the lowest in the history of the United States.  Right now is the time to save large sums of money by refinancing your mortgage.  Put simply refinancing is the process of paying off an existing mortgage by taking out a new mortgage with a lower interest rate.  A 1% reduction in your interest rate can save you anywhere from $100 to $600 per month on your mortgage payment.  The lower interest rates have significantly increased the competition between lenders.  To find out how much you can save by refinancing