Frequently Asked Questions about Home Loan Refinancing

Here are the answers to the most commonly asked questions about a home loan refinance quote.

How do I apply for a home loan refinance quote?

You can apply for a free home loan refinance quote by clicking our "START" button on the form on your left-hand side. This will take you to our short, secure application. You will only have to spend a few minutes filling out the application, and we will then supply you with at least four quotes on home loan refinancing.

Who will provide my home loan refinance quote?

We partner with a variety of major lenders across the country. Although we are not a lender, we have an extensive network of financial institutions that will provide you with a competitive home loan refinance quote via our website.

What if I have average credit?

People with less-than-perfect credit are strongly encouraged to apply for a home loan refinance quote on our site. We have many lenders who are willing to work with customers with all kinds of credit histories, not just those with perfect credit. Even customers with serious credit challenges may qualify for a home loan refinance quote on subprime mortgages or other offers.

How do I know if I should refinance?

Usually, it's a good idea to apply for a home loan refinance quote if interest rates have dropped 1/2% to 5/8% since you took out your current mortgage. To maximize the benefits of home loan refinancing, you should plan to stay in your home for at least five years or more. When considering refinancing, you'll also want to take into account possible reduced tax savings and the costs of your new mortgage.

What kinds of refinancing loans are available?

You can get a home loan refinance quote on a variety of refinancing products from our lenders. In general, our lenders offer adjustable-rate and fixed-rate mortgage refinancing options. Specific lenders might have additional offerings.

Should I refinance with an adjustable-rate or fixed-rate mortgage?

This largely depends on what market interest rates are like. If market rates are not particularly low, you might consider an adjustable-rate mortgage to take advantage of the initial low rate. If rates are low or on their way up, a fixed rate mortgage is a good way to lock in a consistent low rate for the life of the loan. To find out how to save money on your payments, see our How to Reduce Your Mortgage Payment page.