As we go about our busy day-to-day living, we sometimes ignore opportunities laid at our feet. The Federal Reserve, in an effort to stimulate the economy, is providing money to lenders for next to nothing. This has resulted in historically low mortgage rates. The opportunity for some to get home loan payments reduced is available.

I recommend homeowners thoroughly evaluate refinancing options and see if it can work for them. Lower appraisals and tighter credit requirements may make such an option impossible.

Refinance activity can stimulate our local economy as neighbors who work at title companies, mortgage brokerages, banks and appraisal companies benefit from an expanded need for services. Reduced house payments enable families to better shore up budgets, save for retirement and increase their standard of living.

A self-employed businessman for the last 17 years, I know such opportunities, like low interest rates, can quickly go away.

Visit larrybill.com.

LARRY BILL, 2543 Prairie View Trail, Jackson, MO 63755

Paid for by Committee to Elect Lawrence David Bill for Congress, Daniel Ray Brown, Treasurer, 2543 Prairie View Trail, Jackson, MO 63755