Is It Time for You to Refinance in FL? You know when the time is right to refinance when you can calculate that doing so will simplify your life and save you money. Following are a few examples of situations which may call for a refinance. 1. Maybe you have an FHA mortgage requiring private mortgage insurance (PMI), but now you qualify for a conventional loan that does not require you to pay for PMI each month. 2. Perhaps you will stay in your home longer than you originally envisioned. Switching from an adjustable rate to a fixed rate may make sense. 3. On the other hand, maybe you will be moving away soon, and can save money by switching from a fixed-rate mortgage to an adjustable rate mortgage. 4. If interest rates have gone down versus what you are currently paying, it could be time to refinance. https://maps.google.com/maps?cid=7327474070475495111