If you own your home and haven’t refinanced in the last year, why are you procrastinating? Mortgage rates still remain close to their all-time lows. Many households have seized the opportunity to trim down their interest rate and monthly payment. Do not be a part of the estimated 19.4 million homeowners that are sitting on their home’s equity when you could save on average $308 a month on your loan. If you are still facing economic hardships, refinancing could be very beneficial to you. By refinancing you will have the opportunity to save money on your monthly payments and reallocate your funds to other areas of your budget.