When is it the right time to refinance?

How to know whether its good time to refinance? Are there any ways to find out rates for mortgages without contacting bank?

Talk to a loan officer like myself...

Your answer awaits in a recent article at;

http://stupidhomeowner.com/mortgage/refinance/you-do-not-refinance-just-to-get-a-lower-rate/

When your home installments are eating up your whole income or when you are paying higher interest rates or when you took your original loan you had bad credit thus got a high interest or you have a long period.

Refinancing could be the best solution for the above mentioned problems. Other than banks you can go online to online lenders. As they have thousands of lenders in their network they can get you better deal.

Here is the source of mortgage refinancing company named http://www.iloanshop.com/mortgage_refinance.php for your reference.