An excellent way to bring down your monthly mortgage payment, raise cash, and consolidate debts with high interest rates is refinancing your Jax home or North Florida Property. You need to do your research and consider carefully before deciding whether refinancing is right for you. One important factor to consider is the difference between the interest rate you are paying and the new one you will get. One basic way to determine if refinancing is good for you is to use the guide that the new interest rates should be at least 2 points below your current rate.