If you own your home you know that part of home ownership means dealing with a mortgage. Depending on when you got into the real estate market, you may or may not have gotten a good deal on both the amortization period and the interest rate. Something else to consider is that as the economy changes, so generally will mortgage laws and you may be wondering whether or not a mortgage refinance is in your future.Something to consider here of course is whether or not it is actually a good idea at the present time. Typically, if you have a history of paying on time, you’re not only likely to get a good mortgage refinance option, you will be able to better use it to your advantage and make the money that you save work for you.However, if you have troubles paying the mortgage you have now, then odds are you won’t get it and you may not even want to consider trying to negotiate forth. You may want to wait a little longer and get your payment history back on track. This does not mean that mortgage refinance is something that is always a good idea, and yet neither is it a bad idea. The key thing to think about here is that it is truly dependent upon your financial and payment history as well as your plans for the future.One last thing to consider is that you need to ensure that what you are offered, is better than what you already have in terms of payments. If it is not, then you certainly wouldn’t want to take the offer.