You may want to consider a Streamline Refinance if current mortgage rates are lower than what you pay now. Your payment may be considerably lower, you'll pay less interest, and you'll pay more off your principal each month. Another option is to consider choosing a shorter term. Your payment may or may not decrease, but you could possibly reduce years of payments -- saving that amount in interest payments would most likely be significant, plus paying off your mortgage much sooner could be a relief. Contact our Mortgage Servicing team at 517-333-2424 x2610 to discuss what Streamline Refinance options may be available to you.