We work hard, do what we can to earn a good credit score, and save up our money for a down payment. When the duration comes to buy a home, we hope to find the best interest rates and terms for our 1st mortgages. 1st and 2nd Mortgages June 16th, 2008 | Category: Mortgage Refinancing Many of us dream of one owning a home. As our mortgage loans age, we sometimes fee⦠home loan refinance mortgage rate home loan rate refinance home loan loan home equity mortgage quote mortgage refinance fina A lower interest rate gives you less interest to deduct on your income tax, which may increase your tax payments and decrease your total savings from refinancing.