I own my own home. Well, the bank owns my home, and I am in the process of buying it from them. I have a mortgage, and I make my monthly payments on time. My payment could be lower, if I would refinance now. When I ourchased my home, interest rates were much higher than they are now. I think I should take advantage of the low interest rates and do home loan refinancing. I would save a lot of money over the life of my loan.