Life seems to come down to monthly payments. If you are struggling to meet your monthly payments on your mortgage, maybe you need to consider refinancing. If you can get a lower interest rate by refinancing, you'll be able to reduce your monthly payment. The key is to consider the future. Don't switch to an incredibly low interest 3 year ARM unless you plan to sell your home or refinance again. Choose a refinance plan that’s right for you and you'll save money and maintain your security.