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If your previous home mortgage is on fixed rate basis, you should opt for adjustable rate mortgage when you expect the interest rates to decrease. On the other hand, if you think that the interest rates are likely to increase over the next several years, then you should go in for a fixed rate mortgage from Gateway Funding Inc.

In the present situation, interest rates are near their historical lows. Accordingly, fixed rate home refinancing would be the best home refinancing option for now. This would be particularly applicable if you plan to stay in your present home for several more years explains Gateway Funding. If you follow these refinancing tips from Gateway Funding Inc. for refinancing your home mortgage, you will have a better understanding of the process of refinancing a home, as well as the home refinancing issues.