Refinancing Right – Essential Refinance Guide

To be eligible for the best mortgage interest rates, borrowers need top-drawer credit (740 score or better), substantial down payment (20% to 25%) or equity if refinancing, and dependable, adequate, and documentable income. Check current interest rates by clicking on the rate table on this site.

Today's Mortgage Rates

Product	Today	+/-	Last Week
30 yr fixed mtg	4.56 %	-	5.14 %
15 yr fixed mtg	4.30 %	-	4.38 %
5/1 ARM	4.12 %	+	3.96 %

Mortgage Refinancing Steps

Before you refinance your mortgage, it's a good idea to make sure you understand all the in's and out's of the process.That the whole aim of this site - to get you up to speed on refinancing with good unbiased information. This is the by far the best way to make sure you get the best deal and have a happy home refinance.

Step 1: Should you refinance your mortgage?

There are many situations where home loan refinancing can be a benefit to you. From saving thousands, consolidating debt to tapping into your home equity, refinancing could be the solution to your problems. Read our article Should I Refinance My Mortgage to see if refinancing your home loan is for you. You can also use our Refinance Loan Calculator to see if the numbers add up and it is in your best interest to refinance.

Step 2: Be aware of the dangers of mortgage refinancing

As in any industry there are some bad eggs in the mortgage broker community. These dishonest brokers put their personal profit before your financial well being. To make sure you don't get ripped off make sure you read our article Dangers of Mortgage Refinancing and become aware of the how to avoid this potential pitfall.

Step 3: Learn how to pick the best mortgage broker

To get the best mortgage refinancing deal you need to deal with an honest broker that genuinely has your best interest in mind. These brokers usually follow certain practices when dealing with their customers. Read our article How to Pick the Best Mortgage Broker to find out what these practices are.

Step 4: Understand the different mortgage loan types

Home loans come in many shapes and sizes. Each home loan type serves a different purpose. What loan is best for you depends on your situation, and the reasons why your refinancing your mortgage. Flexibility and having the option to repay your mortgage faster might be more important then having stability of your repayments. Read this list of the most common Home Refinance Loan Types to understand what your options are.

Step 5: Find a mortgage broker

Armed with this essential home refinance information you can now safely find a broker to refinance your home loan. If you want, feel free to take advantage our Refinancing Right team's hard work and use one of our Recommended Brokers.

Our team of researchers looked at the all the online brokers in the US and tested their ability to provided a honest and exceptional service. Above all we looked for ethical practices and a dedication to getting the best deal for their customers.

To get a free, no obligation, quote just fill the form below and click start now.