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How the home refinance comparison works

Make sure you’re not overpaying on your mortgage. Start now, and our trusted provider, GuideToLenders, will show you the latest home refinance rates in minutes. Then, you’ll see if you can save by refinancing your home loan. Plus, this offers a broad comparison and searches up to 170 lenders.

How the mortgage comparison calculator works

  1. 01

    Complete the Form

  2. 02

    Compare Rates

  3. 03

    Choose a Lender

Rates are always changing

Even if you started your mortgage a few years ago, you may be able to find a lower rate today by refinancing your mortgage loan. There’s no minimum time period to have a mortgage before you can refinance. In fact, some people refinance in as little as a year. It’s easy to simply check mortgage rates every few years to make sure you’re not overpaying.

Start online now and see if you’ll save in minutes.

When to refinance a home loan

First, start here and compare refinance rates online. Choose a rate, then try a mortgage refinance calculator online to see your exact savings. Keep in mind, you’ll want to consider any fees or costs of starting your new loan.

How refinancing your home loan works

It’s much easier than you may imagine. The search process is similar to finding your first mortgage. It’s best to compare rates and find the best rate and lender for you and fill out their application. Your new lender will then move the balance of your old mortgage to the new loan. That way, your balance will stay the same. The only difference will be the interest rate, and that’s how you can save. Your new lender will start sending you your updated monthly mortgage bill.

Built-in guidance

Your lender will contact you and can guide you through the process. They can even explain the finer points on the different mortgage types and what’s best for you.

FAQs for home refinancing

Our friends at GuideToLenders receive plenty of questions regarding home refinancing. Here are some of the commonly asked questions and their answers:

What’s the difference between interest rate and annual percentage rate (APR)?

Can I refinance my new mortgage again if rates drop in the future?

How does a cash-out refinance work? Can I get one?

What percentage of my mortgage payment goes to interest?

Is there always an origination fee for refinancing?

Can I add my property taxes and insurance in my refinance mortgage?

Compare mortgage rates in minutes

Compare RatesOr, call 1-844-813-1292