The only person who can decide whether a mortgage refinance, either with traditional or private lenders is a good idea, is you. And no matter how low mortgage rates might be, your situation (not the market) should be the main factor in whether or not you refinance. To be sure that you are making the right choice for you and your family, it’s wise to discuss with a professional mortgage broker who can advise you on your decision. Choose someone who you can trust and from whom you can be sure that you are getting an unbiased answer.