Saving money can change your life. It might even change it to a drastic degree. Those that put money aside eventually realize they can weather the storm of a rainy day. This is why they avoid as much debt as possible. Anyone with a serious attitude towards fiscal responsibility will not be inclined to drive up their credit card bills to a ridiculous degree. However, they just might be throwing money away on a mortgage payment that is far more costly than it should be. Responsible home buyers will insist they have the best mortgage. But, do they really? If they were to run the figures of their current rate through a home mortgage calculator and compare it to a rate they could get, they might be surprised at how much refinancing could save them.
And all that money that is saved could be put to far greater use. Actually, this could be said of any money that can be saved. Why would refinancing a home mortgage be any different? It is not different per se. A dollar saved is a dollar saved no matter where on your budget you have cut the cost from. That said, you likely will have more control over your mortgage since refinancing it might not be all that tough.