If you dwell in the florida region and are going through the pinch during the economic downturn or something has taken place which has caused your cash to be a bit limited on a monthly basis then something to consider is a FL refi. This is when you re-finance your mortgage loan and you can organise to decrease your monthly payments by as much as $400 a month! As well as forking out less you can also lessen the lead-time it will take to clear your loan off. Based upon on your conditions you can from time to time do either, which is a good cause to have a peek at refinancing.