Here at Alliance, we are dedicated to helping you find the perfect loan.

Our talented and experienced licensed Mortgage Loan Originators will work with you and listen to what you have to say in order to make sure that you get exactly what you need in a timely fashion.

A mortgage refinance is what usually comes to mind when consumers think about refinancing.

The refinance rate you pay is determined by a number of factors.

Rates vary over time due to market forces, so refinance rates today may be lower the rate you're currently paying, creating an opportunity to save some money.

You do not have to refinance with the same lender who has your current loan.

This means you can shop around for the lender who will offer you the best refinance rate and terms. You can check the advertisements of various mortgage lenders to see which ones offer the best rates and terms, or you can simply visit their web sites to see what rates they're currently offering.

In other words, will you save enough with a lower rate to offset the closing costs you pay to refinance?

So how do you know if refinancing is a good decision? The usual guideline is that you should be able to reduce your rate by a full percentage point when refinancing, though that isn't a strict rule.

Since these are based on your actual credit, finances and home equity, they're likely to be more accurate than generic rates listed in ads or online.

You can refinance your mortgage almost any time you like.

Your refinance rate is also affected by your credit score, amount of home equity, debt-to-income ratio and the length of the loan.