There is a process that you can take in order to lower the amount that you owe on your home. This process is known as a mortgage refinance or a remortgage.If you have taken out a large mortgage for your home and perhaps the payments are getting a bit out of hand, then you will probably be interested in a mortgage refinance option. Basically what it is in simple terms is a loan that pays off the existing mortgage. You then of course owe the amount of the loan plus interest to the lender. However, the idea is that you are getting a better rate of interest from the new lender. If you are able to get this better rate of interest, then you will save money in the long run.There are too many people who wait till the last moment before getting their home refinanced. There is no reason why this should happen. You can refinance now even while your payments may still be manageable. Any time you refinance you are going to save money so long as you get a better interest rate.There are plenty of companies out there who offer this mortgage refinance service. All you have to do is start searching for the right one for you. Use the internet as a tool to find the ones that are offering the best rates.Make sure you research your remortgage well and take the time to find the best deal available. You may find it useful to use a mortgage adviser. Just make sure they don’t charge you any fees.