Refinancing to a lower interest rate

[Jorge Duarte]

I am currently renting my first property for $1100, I bought it with 5% Conventional down, $133,000 at 4.5% interest rate and my mortgage payment is $900 with solar panel lease payment of $140. I would like to get get a lower interest rate, in order to cash flow a little higher, and compound the return. With interest rates on an all time low, what are some things I should that I SHOULD consider before taking action? 

[Michael Craig]

@Jorge Duarte

Good questions, I like where your mind is at. Did you finance the property with owner occupied financing? Is it currently owner occupied? If it is not owner occupied, 4.5% is a pretty good rate to be locked in at. Also, what is your loan to value on the property?