Mortgage 101: How to Refinance a Mortgage

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While the historic low mortgage rates we saw in 2020 appear to be gone, the 30-year fixed rate mortgage is still relatively low, which means it’s not too late to lock in a lower monthly mortgage payment for potentially the next decade or more if you move quickly.

But the mortgage refinance process can be complicated, with a lot of moving parts and confusing terms that can lead even experienced homebuyers to throw up their hands in exasperation. If you’re going to work fast, you need to be smart about it and know what to expect.

So before you start down the road to refinancing, let’s go through the basics on how to refinance your mortgage and look at a few time-saving tips so you can quickly get today’s low rates locked down before they go up again.

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