If interest rates have dropped since you took out your mortgage, you may want to consider refinancing your home — that is, getting a new mortgage with a better interest rate to replace the old one. As a general rule, if you can cut your rate by 2 percent or more, it is worth investigating. Consult your financial adviser to discuss the particulars of your situation.
It is not always necessary to refinance with the same mortgage broker that you originally used. It's wise to try your original broker first, as you may be offered an attractive package so the broker can keep your business, but shop around and compare rates as you did the first time around.