Not every house is the same, not every household is always either, and not every mortgage should always be the same type.

Your economy has changed from when you got your mortgage, that’s for sure. To get a good deal, you need to be on the lookout for certain things.

You can refinance for15 years if you have already paid a good part of your mortgage and don’t want to start all over.

Firms will offer you lower interest rates mortgage which is good since at this point in time you are paying more principal than interests - but the payments will be higher.