Most people refinance when they have equity in their home. (Equity is the difference between the amount owed to the mortgage company and the value of the home.) Some homeowners refinance in order to get money from the value of their home to make a large or emergency purchase. Another reason to refinance is to take advantage of lower interest rates. When Country First secures a mortgage for you, our relationship is not over; we monitor your loan and current interest rates to look for situations that can save you money.