When Is It a Good Time to Refinance Your Mortgage? 

If borrowers can save money with lower mortgage rates, then refinancing typically makes sense. Shop mortgage refinance opportunities from top ranked lenders and brokers in the country.

Compare Refinance Mortgage Loan Programs for Best Rates & Terms

Our system will direct you to prestigious lenders offering great mortgage refinance rates at no cost to you. Find out more info on possible mortgages for refinancing all types of credit. In 2024, we are seeing many lending companies expand their mortgage refinance programs with more aggressive credit and loan to value requirements.

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One of the reasons why mortgage refinancing is so popular is that is gives people the power to reduce their housing expenses when borrowers achieve a lower interest rate.

See Low Rate Refinancing Mortgages & Opportunities w/ Fixed or ARMs from Top Ranked Lenders in the Country

Are you looking for a way to save money with a mortgage refinance loan? In many cases, home refinancing has proven to be a powerful and effective method for homeowners to save money. Now you can go online and compare refinance mortgages like FHA, VA, conforming home refinancing.

We also offer jumbo refinance loans with low rate refinancing and fixed rate home mortgage loans for all types of credit.

Learn more about mortgage refinancing for homeowners with bad credit and first-time home buyers as well. We can match you with preferred mortgage refinance lenders that are excited to earn your business with competitive interest rates and expert advice.

Compare Lenders for Competitive Rates on Refinance Mortgages

refinance mortgage lenders

Learn more about several new mortgage refinance initiatives insured by the government in an effort to stem foreclosures.

These refinance loans require no equity and no loan to value restrictions.

As rates on refinance mortgages continue to hover in the record low range, the ability for homeowners to save money by reducing their housing expenses via refinancing has never been more evident than today.

The option for no cost mortgage refinancing has become a popular choice because rates are so low and it helps borrowers preserve capital.

Talk with a loan officer about program requirements and your eligibility.

Government refinancing provide several competitive products for homeowners: The FHA Streamline enables existing FHA customers to refinance with a reduced cost loan for a lower rate. Cash out refinancing with FHA allows borrowers to consolidate debts and refinance up to 85% loan to value. Mortgage refinancing is encouraged up to 96.5% with FHA if no cash back is needed.

The most popular VA refinance is the streamline that enables savvy veterans to skip one or two mortgage payments after refinancing. Conventional programs encourage borrowers to acquire a fixed mortgage refinance lien that meet the loan guidelines outlined by Fannie Mae and Freddie Mac. Get help finding the best refinance mortgage lenders online.

Ask About our No Cost Mortgage Refinance Solutions in 2024

Select from refinance mortgage terms like FHA, cash out, interest only or a negative amortization features. Applicants can choose between 10, 15, 30 or 40-year terms with many of fixed rate mortgage refinance programs. In March, Freddie Mac reported that 30-year loans were averaging 3.75%.

If you have an interest rate above 4%, you would wise to consider refinancing now while mortgage refinance rates are at record lows! It’s not too late to refinance and lock into low rate mortgage.

Refinancing is one of the most effective ways for homeowners to effectively lower their monthly payments, improving cash flow and financing home remodels.

  • Shop with Credible Brokers and Lenders Online
  • Compare Rates and Closing Costs Before Committing to a Company
  • Verify there are No Penalties for Early Pay-offs or Refinancing

Whether you need money or a lower payment a mortgage refinance loan provides many opportunities for homeowners to improve their financial situation. Savvy borrowers understand that a mortgage refinance with no closing costs will save them money and enable them to maintain their existing mortgage balance.

With our lenders, their first priority will be to uncover the best opportunities for homeowners to reduce housing expenses.

Fixed Mortgage Refinancing Possibilities for All Types of Credit

  • Low Rate Mortgage Refinancing
  • Compare Fixed Refinance Mortgages!

Our participating mortgage refinance lenders provide many loan programs for so that 1st or 2nd loans can be combined together for simplicity and reduced housing expenses.

Thousands of our clients have successfully combined their credit line or equity loans together with their new mortgage for one payment that is lower than the original mortgages and the terms were improved with guaranteed fixed interest rates. For the last few years, home refinancing insured by the FHA has supported most of the country for cash out and interest rate reductions.

With the Federal Housing Administration, refinancing is possible, even with low credit scores. Financial experts suggest that refinancing mortgages together can save thousands of dollars a year simply by refinancing both secured liens into one loan with a reduced fixed rate.

Refinancing your high rate installment loans and revolving credit cards is bound to save you more money per month when doing the math with the formula calculated by simple interest.

See How Government Expanded Mortgage Refinancing Programs Would Benefit Your Financial Goals

Government mortgage refinancing has been making a strong comeback again with the Federal Housing Administration extending new opportunities for many borrowers looking to convert their ARM into a fixed rate loan.

In some cases, FHA offers refinancing guidelines that are less strict than your traditional Fannie Mae or Freddie Mac loan product. Credit scores are not a factor with some government loans, so if your credit score is not great, then consider FHA refinancing mortgages.

Take advantage of our home lending expertise and lock the interest with low rate refinance mortgages for people with all types of credit. Our refinance mortgages remain competitive with rates and refinance mortgage closing costs, and you have the option of rolling any refinancing fees into the loan, so you will not have to bring money out of your pocket. Learn more about qualifying, eligibility and mortgage refinancing requirements with FHA.

Mortgage Refinance Features

  • Refinance Mortgage
  • Refinance into a Fixed Rate Mortgage!
  • See Programs with Fixed Rates
  • 100% Refinancing with NO PMI
  • Interest Only – Low Monthly Payments
  • Home Refinancing with FHA
  • Learn How to Consolidate Debts
  • Refinance Mortgages with Bad Credit
  • VA Refinance Mortgages
  • Second Mortgage Refinance
  • 30 or 40 Year Fixed Options
  • Refinance Loans for All Types of Credit
  • Combine 1st & 2nd Loans together
  • Low Rate ARM- 3-1 5-1 7-1
  • Ask About No Income Refinancing
  • Past Bankruptcy OK- Low Credit OK
  • Refinance with Jumbo Loans
  • Conventional Mortgage-Refinancing

What is the best way to time the market for the lowest rate mortgage refinance?

Timing the market for refinancing with the lowest interest rates is about as easy as timing the stock market to get rich. There are so many external factors involved in interest rates for residential properties that we recommend not trying to time the market. In most cases, borrowers end up settling for a higher interest rate, because they wait too long for the mortgage rates to drop.

Consider all options when borrowing against your home with a mortgage refinance. 

If you can save money today and refinance with a fixed rate that lowers your payment and gets you the cash you need now, then talk with a loan officer today about locking your rate.

Read the Latest Mortgage Refinance News

A few years ago, the Obama Administration released the HARP program that enabled distressed homeowners to get help with mortgage refinancing even if they were underwater. The program allowed people to refinance up to 125%, but it wasn’t enough. The Obama mortgage refinance program sought to dig deeper and reach out to more struggling borrowers.

The New Home Affordable Refinance has no loan to value restrictions. That means that no matter how underwater a homeowner maybe they can refinance into a lower payment. The HARP 3.0 should help a lot more borrowers meet the refinance requirements. Obama extended the HARP refinance to FHA loans as well. Previously only borrowers that had a mortgage owned by Fannie Mae or Freddie Mac could qualify for the no equity refinance loans under the HARP program.

Some New Guidelines for the Home Affordable Refinance Program:

  • Eligible mortgages must be owned or guaranteed by Freddie Mac or Fannie Mae. (Obama announced that FHA has been added to the HARP)
  • Loan officers must have sold a borrower’s mortgage to Fannie Mae or Freddie Mac on or before May 31, 2009.
  • The Loan to Value must be higher than 80%.
  • Home loan payments cannot be late. Guidelines stipulate that no late payments can have occurred in the last six months and no more than a one late payment in the last twelve months.
  • The lien in question cannot have been refinanced through the Home Affordable Refinance Program already, unless it was a Fannie Mae lien that was refinanced between March 2023 and May 2023.

Many of our participating mortgage refinance lenders offers competitive rate opportunities for qualified borrowers to get cash out, consolidating debts, and making home improvements.

Ask about prime rate loan programs for refinancing your 1st or 2nd mortgages. Ask our loan team about the new and improved “Band-Aid Refinance Loans” for homeowners who have low credit scores and a poor credit history but need a payment reducing short term fix. Nationwide prides itself connecting you with competitive lenders that offer some of the most affordable refinance mortgages available.

Find out how our lenders have been helping Americans maintain their homeownership with bad credit refinance loans that help borrowers with a delinquent mortgage history. Most loan options allow the borrower to consolidate debt when refinancing a mortgage under a Fannie Mae, Freddie Mac or FHA program.

Don’t just look at the interest rate. Consider the terms. Is the rate fixed or adjustable? Make sure you are comparing mortgages that are the same loan type. (I.e. 30 year fixed). When applying for a mortgage refinance online, ask your loan officer for the Good Faith Estimate and Federal Truth and Lending Statement along with all of the disclosures required by law. If you own an investment home, ask the lender about the eligibility for refinancing a rental property.

What Changed with the Truth in Lending Agreement? The most significant change made in 2008 is the requirement to give applicants with another disclosure. This piece must be coordinated with the timing of settlement.

Should I Get a Refinance Loan With a Fixed or Adjustable Rate?

Home equity can be converted into money through one of several different instruments. The chore is to find out which one loan is right for your situation. When fixed interest rates fall to such low levels on 30-year terms, we strongly recommend locking into a mortgage refinance that guarantees a fixed interest rate for three hundred and sixty months. Is an Adjustable Rate Mortgage Refinance Right for You?

If you have had problems in the past with your credit, but need to refinance your home loan or second mortgage, then you have come to the right place. Discuss your specific situation with one of the experienced loan offers.

Are you ready to cash in on your home’s equity and consolidate your credit cards with a second mortgage or refinance? Ask your loan officer about the expanded guidelines for 2nd Mortgage Refinancing.

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Top Ten Reasons Why People Refinance Their Mortgage

It’s no secret that mortgage refinancing can be a wise move financially for homeowners. Here are the top 10 reason people are refinancing today.

  1. Save Money
  2. Lower Interest Rate
  3. Shorten Term to Own Home Quicker
  4. Get Back Cash in Hand
  5. Finance Home Improvements
  6. Consolidate Debt
  7. Combine 1st and 2nd Liens Together
  8. Purchase a 2nd Home
  9. Maximize Tax Deductions
  10. Keeping up with the Jones’

Can I Refinance My Mortgage if My Home is “For Sale”?

Most conventional and FHA mortgage refinance lenders will not approve a mortgages for refinancing if their home has been listed in the last 3 months to a year. Lenders will require that your house has been off the Multiple Listing Service (MLS) for a set period.

Unfortunately, most underwriters don’t care if you changed your mind, and pulled your house off the market. Some Sub-prime and Alt-A lenders will entertain overlooking the initiative to sell your home if you have good compensating factors, like a good credit score, low debt to income ratio or a lengthy period of stability with the same employer. In most cases a strong letter of explanation will be conditioned for loan approval as well.

Most refinance lenders considers that when someone lists their MLS, that they have no intention of keeping a new lien for very long. Bottom Line: If you need a 1st mortgage refinance or an equity loan for cash back, then wait to list your home for sale.

Compare Mortgage Refinancing to Get Money Back or to Consolidate Unsecured Loans
Learn more about popular options: 

Learn How to Leverage Debt with a Tax Deductible Mortgage Refinance Loan Enabling You to Consolidate Revolving Charge Cards & Credit Lines

Were you aware that consolidating credit cards with a second mortgage or a refinance loan may help you improve your credit scores with the Trans Union, Equifax and Experian? With the current refinance rate falling below 4% on thirty-year amortization schedules, you can’t go wrong leveraging your debt with a simple interest mortgage.

Ask your loan officer at Nationwide about the expanded guidelines for refinancing with cash & 2nd mortgages.

Mortgage Refinance Rate Statistics

House Refinancing News
The avg. contract interest rate for 30-year fixed-rate mortgages decreased to 3.375% from 3.5%
The avg. contract mortgage interest rate for 15-year fixed-rate mortgages dropped to 2.875% from 2.75%.
The avg. contract mortgage interest rate for 15-year fixed-rate home equity loan increased to 4% from 3.875%.
The avg. contract interest rate for 5-year ARMs fell to 2.875% from 3%.
For more information, please visit mba.com

Fannie Mae announced that it will apply new conforming mortgage limits for home purchase and refinancing, as determined by the Office of Federal Housing Enterprise Oversight based on federal data on mean home prices, to increase its single-family loan limit to $417,000 for 2006. As a result of the new loan limit, Fannie Mae estimates that in 2024, as many as an additional 466,326 homeowners would be eligible for a conforming loan. Conforming loan limits may adjust annually. The conforming limits adjustments are based on the year to year changes in the mean home price, as published by the Federal Housing Finance Board. These figures come from its monthly survey of mortgage lenders. Both new and existing houses are included in the survey. Limits for multi-unit home mortgages will be as follows: two-family loans $533,850, three-family loans $645,300, and four-family loans $801,950. The loan amount limit for 2nd mortgages will be held at $208,500. For more information Please visit fanniemae.com.

Mortgage Refinance Checklists

  • Frequently Requested Documentation for a
  • 1st Mortgage Refinance – Full Doc
  • 1 month of Pay Stubs from your employer for each applicant
  • W2’s or 1099’s from all your employers for the Past 2 Years
  • Copy of Driver’s License & Social Security card
  • Home Loan Coupon or copy of Monthly Statement
  • Deed of Trust
  • Declaration page of Home Owner’s Insurance Policy
    HUD-1 Settlement Statement (if you refinanced a mortgage in the last 12 months)
  • Frequently Requested Documentation for a
  • 1st Mortgage Refinance – Stated Income
  • Copy of Driver’s License & Social Security card
  • Mortgage Coupon or copy of Monthly Statement
  • Deed of Trust
  • Declaration page of Home Owner’s Insurance Policy
  • HUD-1 Settlement Statement (if you refinanced a mortgage in the last 12 months)

See Refinance Testimonials from BD Nationwide Mortgage

“Thanks to you and your team for their friendly advice and professional attitude. We were able to put our financial plan into action with a great loan. The 30 year interest only offered me the security of a fixed rate, but the interest only payment allows me to free up some cash flow when investment opportunities arise. Thanks again for everything!”
B. Lanigan – Cardiff by the Sea, CA

“Nobody said being a first time home buyer would be piece of cake, but Nationwide definitely made it as easy as possible.” There is a lot to think about when you are buying a home, and to know someone has your back on the financing side is a real blessing. Your team was always there to answer our questions, and these days that means a lot. We now have a peace of mind and we are earning equity. Once again, Thanks!”
B.Matson – New York, NY & San Diego, CA.

“What a life-Saver! You helped me clear up some accumulated debt & get some cash for some business opportunities. Your hard work and effort helped me reach my goals. The line of credit funded fast & I didn’t have to jump through hoops in the process. Once again, Thanks for your help! I will be sending my friends your way.”
M. Urutia – San Diego , CA

Compare Government & Conventional Mortgage Refinance Loans

Learn How to Find Mortgage Bankers Offering Lower Rates with Premium Refinance Mortgages
With the home financing market staying strong in 2024, millions of homeowners struggled because they were unable to qualify for low fixed rate refinance mortgages as they had accesses in the past. This year the HARP 2.0 and record low rates for refinancing have helped the recovery phase kick in. The “refinance boom” continues this year thirty-year rates remain available between 3 and 4 percent according to Zillow.

Save Money with a Fixed Mortgage Refinance Loan for Thirty-Years!

Today there are less mortgage refinance programs available because there are fewer lenders and fewer banks offering aggressive loans for home refinancing. Lenders have tightened guidelines for most mortgage refinance loans. For example just a few years ago conventional lenders were offering “stated income” refinance loans for a high percentage of borrowers with little equity required.

Today nearly all stated income loans have disappeared for homeowners seeking streamlined refinance programs. Compare Thirty-Year Mortgage Refinancing Offers