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8 Greatest Mortgage Refinance Firms of September 2022

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Refinancing your mortgage is one way to improve your financial position, but for the move to make sense you need to first find the right lender. The best refinance companies will offer competitive interest rates, a smooth application process and a variety of loan options to choose from.

First, use Money’s mortgage refinance calculator to easily estimate how much you can save by reducing the interest rate on your home loan. Then, to find the right loan for you, compare offers from multiple lenders. We think these eight mortgage lenders are the best place to start.

Our Top Picks for the Best Mortgage Refinance Lenders of September 2022

Rocket Mortgage – Best Refinance Lender Overall
loanDepot – Best for Online Mortgage Refinancing
Zillow – Best Marketplace
Better – Best for Fast Closing Time
Navy Federal Credit Union – Best Credit Union
Ally Financial – Best for Jumbo Loans
Nationwide – Best for Borrowers with Poor Credit
Bank of America – Best for Member Discounts

Best Mortgage Refinance Reviews

Why we chose it: We chose Rocket Mortgage (formerly Quicken Loans) as the best overall mortgage refinance company for its excellent track record in customer satisfaction and web-based customer support. In 2021, Rocket originated more mortgages than any other company in the United States.


Rated best mortgage servicer by JD Power
Largest mortgage originator in 2021
Streamlined online application process with eClosing
Features a mortgage refinance rates calculator


No in-person service, but you may reach out to an affiliated broker


J.D. Power Rating

NMLS Regulatory Actions

Min. Credit Score
620 (580 for FHA)

Refi Loan Types
15- and 30-year Conventional, ARM, FHA, VA, Jumbo

Rocket Mortgage (NMLS ID# 3030) has ranked in the top 3 in the J.D. Power U.S Primary Mortgage Origination Satisfaction Study for eight consecutive years. Although the company is deeply rooted in online technology, it also has over 3,000 home loan experts available seven days a week to help you complete your application over the phone.

Rocket Mortgage is one of the lenders that offer Fannie Mae’s RefiNow and Freddie Mac’s Refi Possible refinance options for those with a debt-to-income ratio of up to 65% who currently have a mortgage with either one of the government-sponsored enterprises. Homeowners who qualify for these programs will see a reduction of at least 0.5% of their interest rate and can also take advantage of up to $500 to cover appraisal costs. To qualify, the homeowner must have a good payment history, a FICO credit score of 620 or higher, and at least 3% equity in a one-unit primary residence.

Why we chose it: We chose loanDepot as the best online mortgage refinance company due to its wide availability across the U.S.


Licensed in all 50 states with over 200 locations in 43 states
Streamlined digital platform


Loan rates are not available online


J.D. Power Rating856/1000NMLS Regulatory Actions3Min. Credit Score620 (580 for FHA)Refi Loan TypesConventional, fixed-rate, ARM, VA, FHA, HARP

loanDepot (NMLS# 174457) stands out for its “mello smartloan,” an end-to-end digital portal that uses artificial intelligence to verify asset and employment details and can also perform credit checks and begin the home appraisal process.

Choosing loanDepot for a mortgage refinance comes with some perks, the company offers to waive lender fees and reimburse appraisal fees on future refinances after you’ve refinanced with them at least once.

Why we chose it: We chose Zillow as the best mortgage refinancing marketplace for its ability to connect you with a wide variety of licensed lenders located across all 50 states and the District of Columbia, plus its array of tools that help the homeowner determine the best refinancing option.


User-friendly mobile appWide range of online resources, including a mortgage calculatorEasy access to competitive rates, updated dailyMost of the application process is performed online


Not licensed to operate in all 50 statesNo program to help homebuyers with bad credit


J.D. POWER RATINGNot RatedNMLS REGULATORY ACTIONS3MIN. CREDIT SCORE680 (Conventional), 580 (FHA), 620 (VA), 640 (USDA)REFI LOAN TYPESFixed-rate, ARM, Jumbo, VA, FHA, Conventional, USDA (in select states)

Zillow (NMLS ID#: 10287) is better known as a real estate listing site but also offers access to thousands of lenders across the country, from mortgage bankers and brokers to credit unions and community banks. (It’s also possible you’ll be referred to Zillow Home Loans, the company’s mortgage arm.)

Zillow’s Lender Directory allows you to search for a mortgage provider by city, state/territory or zip code. You can also search for a specific bank or loan officer if you have a recommendation from a friend or family member. You’ll be able to read customer reviews before deciding on which lenders you want to apply with. You can also submit your information directly on Zillow’s website and be paired with both local and national lenders, who will contact you directly.

Another neat Zillow feature is its mortgage rate comparison tool, which is updated daily. Here, you can compare average interest rates for different types of loans (conforming, government-backed and jumbo loans) as well as different term lengths. This will give you an idea of what interest rate you can expect when you apply for a refinance and allow you to compare the market average with the rate you’re offered.

As with any marketplace, once you contact a lender, you’ll be dealing with that company directly and Zillow will no longer be involved in the process.

Why we chose it: We chose Better as the best mortgage refinance company for fast closing times because consumers can obtain a rate quote and a letter of preapproval in just a few minutes. Better Mortgage also offers a price-match guaranteed rate.


Fast online process, with competitor price-match program
No origination, application or underwriting fees
Smart tech automatically looks for and applies eligible discounts


Online-only, no brick and mortar branches
Not available in Hawaii, Massachusetts, Nevada or New Hampshire
Limited refinance loan type options


J.D. Power Rating859/1000NMLS Regulatory Actions6Min. Credit Score620Refi Loan TypesConventional, Fixed-rate, ARM, FHA, Jumbo

Better Mortgage (NMLS ID# 330511) is an online lender with an easy mortgage refinance process that’s fast and straightforward. This lender offers some of the lowest closing costs in the industry.

Better says it can afford to forego some of the fees charged by traditional brick-and-mortar lenders — such as application, underwriting and origination fees — because they operate fully online. Additionally, it offers a price guarantee if another lender has a more competitive price on their refinance products.

Better customers can upload and sign all their documents through the lender’s secure website. They also have direct access to a dedicated loan officer.

Why we chose it: We chose Navy Federal as the best mortgage refinance credit union because of its fast online pre-approval process, choice of loan terms and benefits for borrowers who are also selling.


Online pre-approval application
Doesn’t require private mortgage insurance (PMI)


Membership is limited to veterans, active-duty military, and their families
No FHA, USDA loans, construction loans, or reverse mortgages


J.D. Power Rating861/1000NMLS Regulatory Actions2Min. Credit ScoreN/ARefi Loan TypesFixed-rate Conventional, Cash-out, VA, VA Streamline, ARM, Jumbo

Navy Federal (NLMS# 399807) has mortgage refinancing options ranging from 10- to 30-year loan terms for their VA Streamline (IRRL) and Homebuyers Choice. The lender also offers the Military Choice loan for those who have exhausted their VA loan option. In addition to VA loans, Navy Federal can refinance FHA and conventional loans.

Realty Plus and Navy Federal Title Services are tools that facilitate the mortgage refinance process for homebuyers looking to refinance or sell and buy new property. Realty Plus connects you with an agent coordinator to assist with your mortgage application. Further, if you close your mortgage with Navy Federal using Realty Plus, you can get between $400 and $8,000 cashback.

Navy Federal also offers HomeSquad, an option for potential borrowers to get a faster preapproval for either a purchase or refinance loan. Once the application is submitted, HomeSquad allows borrowers to track their loan status 24/7 online or through their mobile device, upload documents easily, set up autopay, access payment history and other account activities, as well as request forbearance assistance.

Why we chose it: We chose Ally Financial as the best mortgage refinance company for jumbo loans due to its higher-than-average lending cap and lack of lender fees.


Online application, document uploads, and electronic signature options
No lender fees
Quotes don’t impact your credit score
No PMI with a down payment of 20%


Mortgage applications can only be completed with an in-person visit
You may be required to pay PMI if your down payment is less than 20%


J.D. Power RatingNot RatedNMLS Regulatory Actions2Min. Credit Score700 for JumboRefi Loan TypesFixed-rate, ARM, Jumbo, Cash-out

Ally Financial (NLMS# 181005) stands out for its jumbo loan offerings of up to $4 million. For this type of loan, Ally offers a higher lending amount than other lenders, which usually cap at $2 million. Borrowers must pay a down payment of at least 20% for jumbo loans and provide evidence that they can cover expenses for a certain amount of months. However, unlike other lenders, Ally accepts restricted stock units to count as reserve capital.

Potential borrowers can apply, submit documents and sign paperwork online, but can only complete and close on the loan application by visiting an Ally branch. On their website, borrowers can find rates and a refinance mortgage calculator, along with other information regarding refinancing and jumbo loans.

Why we chose it: We chose Nationwide as the best mortgage refinance company for borrowers with poor credit due to its strong programs for self-employed and low credit buyers, including its Lease Option Program.


Options for self-employed and low credit buyers
Customizable terms
Will match competitor’s loan estimate offers
Free consultations


Only operates in CA, CO, TX, ID, WA, OK, MT and ND


J.D. POWER RATINGNot RatedNMLS REGULATORY ACTIONSNoneMin. Credit ScoreN/ARefi Loan TypesConventional, VA, FHA, Jumbo

Nationwide offers mortgage refinance loans in partnership with AXOS Bank (NMLS # 524995). It features a Lease Option Program, which requires that you have at least a 10% down payment and enough income for closing costs and rent payment. Nationwide buys the home, and you sign a lease agreement with an option to buy within three years.

During those three years, you can live in your new home (paying the lease) while Nationwide helps you improve your credit score, sort out income reporting requirements or perform whatever other steps are necessary to help you get ready to purchase the home.

Nationwide also offers a Best Rate Guarantee, where they match a loan estimate from another lender.

Why we chose it: We chose Bank of America as the best mortgage refinance company for member discounts. Its Preferred Rewards program offers significant price reductions on purchase and refinance closing costs.


Exclusive membership discounts available on both purchase and refinance closing costs
Physical branch locations available nationwide
Considers alternative credit data such as utility bills and rental payment history


No renovation loans


J.D. Power Rating859/1000NMLS Regulatory Actions6Min. Credit ScoreN/ARefi Loan TypesFixed-rate, ARM, FHA, VA, Cash-out, Home Equity

Bank of America (NMLS# 399802) members can benefit from its Preferred Rewards program by qualifying for a closing cost reduction of up to $600 from their purchase or refinance origination fees.

The program works in tiers ranging from Gold to Platinum Honors, with discount levels based on a member’s balances in Bank of America banking and Merrill investment accounts.

Another perk of doing business with Bank of America is its digital services, including an online tool to track the progress of your mortgage loan and refinance application in real-time.

Other mortgage refinance companies we considered

When we looked at the refinance mortgage lending industry, we found that many of the biggest lenders didn’t necessarily offer the best refinance products, though they might excel in other areas.

Chase Review

(NMLS# 399798)


The sixth-largest originator of mortgage loans in the country (In 2020)
Large variety of loans: ARMs, 10-, 15-, 20-, 25- and 30-year mortgages, FHA and VA loans and DreamMaker Mortgage Program
Competitive mortgage interest rates
Online Refinance Learning Center with calculators for loan estimates, interest rates and terms


Several regulatory actions with the CFPB within the last five years (although none filed within the last four years)
High number of customer complaints with the CFPB
About Average rating in JD Power customer satisfaction survey

J.D. Power Rating
NMLS Regulatory Actions
Min. Credit Score
Refi Loan Types

DreamMaker®, Fixed-rate, FHA, VA, Jumbo, ARM

PNC Bank Review

(NMLS# 446303)


Has current mortgage rates and helpful calculators on its site
Home insight planner and application tracker
Considers non-traditional credit history
Online mortgage preapproval


The process can’t be fully completed online
No branches in AK, AZ, AR, CA, CT, HI, ID, IA, LA, ME, MN, MS, MT, NE, NV, NH, NM, ND, OK, RI, SD, UT, VT, WA or WY

J.D. Power Rating
NMLS Regulatory Actions
Min. Credit Score
Refi Loan Types

Fixed, ARM, Cash-out, Jumbo, FHA, VA, USDA

SunTrust Review (now Truist)

(NMLS# 399803)


Online mortgage application and tracking softwareComprehensive educational resources


Customized rates are only available with an applicationBranches only in AL, AZ, DC, FL, GA, MD, NC, SC, TN and VARates and fees not available online

J.D. Power Rating
NMLS Regulatory Actions
Min. Credit Score
Refi Loan Types

Cash-out, VA IRRRL

Alliant Credit Union Review

(NMLS# 197185)


Rate watch sends a notification when rates have hit your targetComplete the application process online


No government-backed loansDoesn’t disclose loan feesNo in-person bankingMust be a member to qualify

J.D. Power Rating
NMLS Regulatory Actions
Min. Credit Score
Refi Loan Types

Not Rated
Fixed, ARM, Jumbo

Guild Mortgage Review

(NMLS# 3274)


Online mortgage application, e-signatures and digital loan process tracking
Direct lender, services its own loans
Closing cost and total payment calculator
Highest rated by JD Power’s US Primary Mortgage Originator Satisfaction Study


Not available in NY or NJ
Rates aren’t available online unless you apply
Does not disclose fees
Branches only in 33 states

J.D. Power Rating
NMLS Regulatory Actions
Min. Credit Score
Refi Loan Types

Fixed, ARM, Cash-out, FHA, VA, USDA, Jumbo, Reverse

U.S. Bank Review

(NMLS# 402761)


Variety of refinance loan offerings
Rewards homeowners with an existing first mortgage with U.S. Bank
Great online tools, with a fully digital application and a proprietary app
Provides general mortgage rates, with the option to see results by state
Online prequalification


Customer satisfaction rating was below
Mortgage rates on the website assume a higher-than-average credit score

J.D. Power Rating
NMLS Regulatory Actions
Min. Credit Score
Refi Loan Types

Conventional, FHA, VA, USDA, Cash-out, IRRL

AmeriSave Mortgage Review

(NMLS# 1168)


Wide variety of loan optionsClosing time average of 25 days


High number of regulatory actions with the NMLSDoesn’t disclose origination fees or closing costsNot available in New York

J.D. Power Rating
NMLS Regulatory Actions
Min. Credit Score
Refi Loan Types

Rate and Term, Cash-out, FHA, USDA, VA

Reali Loans Review

(NMLS# 991397)


Completely online processNo origination feesCustomized rate quotes


Website makes customers enter their data to provide any infoNo information about loan typesOnly available in Arizona, California, Colorado, Florida, Georgia, Illinois, Maryland, Michigan, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington

J.D. Power Rating
NMLS Regulatory Actions
Min. Credit Score
Refi Loan Types

Not Rated
Fixed-rate mortgage

Veterans United Home Loans Review

(NMLS# 1907)


Free credit counselingRepresentatives available 24/7


Only has physical branches in 18 statesWon’t refinance FHA or USDA loansDoesn’t disclose closing costs or fees

J.D. Power Rating
NMLS Regulatory Actions
Min. Credit Score
Refi Loan Types

Fixed, ARM, Jumbo, VA IRRRL, Cash-out

Mortgage Refinance Guide

When you refinance you replace your current loan with a new mortgage. Our mortgage refinance guide can be particularly useful for those refinancing their home loan for the first time and provides information about different types of mortgage products, the benefits of refinancing a mortgage and what documents financial institutions require for a complete application.

Whatever your needs, read on to learn more about the process and make an informed decision.

Types of mortgage refinance

Rate-and-term refinance

Also known as a “no cash-out refinance,” a rate-and-term refinance is the most common type of refi. When you do a rate-and-term refinance you take out a new loan with the same loan balance as your existing mortgage but ideally get a low interest rate or shorter term length (or both). You can also use this type of refi to switch from an adjustable-rate mortgage to a fixed-rate loan.

What to watch out for: You will have to pay closing costs and go through the appraisal process again.

Zero-closing-cost refinance

Some lenders offer “no-closing-cost” or “zero-closing-cost” refinance loans for those who qualify. These let you roll closing costs into your mortgage loan. While you’ll still pay closing costs and interest on those fees, it won’t be upfront.

What to watch out for: Closing costs are folded into the principal loan amount, so your monthly payment is higher than with a rate-and-term refinance.

Cash-out refinancing

A cash-out refinance converts a portion of the home equity you’ve accumulated into cash, similarly to a home equity loan or home equity line of credit (HELOC). A cash-out refi replaces your existing mortgage with a new loan with a higher balance than your current loan. In turn, you get the difference as a tax-free cash advance paid to you at closing. Many borrowers use these loans to fund home improvements.

What to watch out for: The borrower may end up with a higher interest rate and monthly payment. Keep in mind that you should only borrow an amount that’s feasible to pay off.

Cash-in refinance

A cash-in refinance allows borrowers to lower their mortgage principal during a refinance negotiation. With this type of loan, the borrower makes a lump sum payment on their mortgage, lowering the principal balance on their new loan.

Contrary to cash-out refinancing, this option may improve the chances of an underwater mortgage qualifying for a refinance. Generally, most lenders require a loan-to-value ratio (LTV) of at least 80%.

What to watch out for: Your funds will be tied to your home, so you won’t be able to use them to pay off other debt, cover emergency expenses or invest.

Streamline refinance

Streamline refinance allows a borrower to refinance an existing FHA loan or VA loan with limited documentation or underwriting. These loans generally don’t require appraisals and may or may not require employment and income verification. You do need to show a history of on-time mortgage payments.

What to watch out for: The VA and FHA set specific qualification requirements for both loans and homes.

Low-income enterprise-backed mortgage refinance

In summer 2021, Fannie Mae and Freddie Mac implemented new refinance options for low-income borrowers. Eligible borrowers can now refinance their mortgage at a reduced interest rate and lower monthly payments. According to the Federal Housing Finance Agency (FHFA), borrowers may save an estimated $100 to $250 a month.

To qualify, borrowers must:

Have a mortgage backed by Fannie Mae or Freddie Mac (the Enterprises) for the house they live in
Have an income at or below 80% of the area’s median income
Have no missed payments in the past six months and no more than one missed payment in the previous 12 months
Have a debt-to-income ratio below 65% or a FICO credit score of at least 620
Have a mortgage loan to value (LTV) ratio lower than 97%

Other federal loan programs that could help consumers who are facing financial hardship include Hope for Homeowners (HFH) and the Home Affordable Refinancing Program (HARP).

How does refinancing work?

Refinancing a mortgage works by replacing your existing home loan with a new one. You will be changing your current interest rate, monthly payments and loan term for new ones (established in the agreement terms of your new loan).

Say you obtained a $300,000 mortgage at 6% interest, with a monthly payment of $1799. After 14 years, you have a remaining balance of $223,000 and decide to refinance into a new 30-year mortgage at 5% interest. Your new monthly payment will be $1,197 and you will have a new payback time of 30 years.

While many homeowners are attracted to refinancing because of the possibility of finding lower rates, there are other reasons for taking out a new home loan, including using home equity to pay off higher interest debt and changing the term of the loan.

Should you refinance your mortgage?

If you’re on the fence about mortgage refinance, we’ve provided information about the pros and cons of refinancing, what can that money be used for, and the documentation financial institutions require for a complete application.

Under the right circumstance, refinancing can help:

Lower the interest rate on your mortgage
Lower your monthly payment
Shorten your loan term
Pay off higher-interest debt such as credit cards

Should I refinance with my current lender?

Before selecting a refinance mortgage lender:

Shop around and request loan estimates from multiple lenders
Look into current mortgage rates and make sure you will end up with a better APR than you have now

You might find different lenders offer better deals in terms of mortgage rates, loan products, or closing costs. Use our mortgage refinance calculator to get an idea of how much you could be saving.

What do you need to refinance your mortgage?

There are three primary factors lenders consider when reviewing mortgage refinance applications: credit score, debt-to-income ratio and loan-to-value ratio (LTV).

A low debt-to-income (DTI) ratio: You need a DTI of up to 43% for conventional loans or less than 50% for an FHA mortgage refinance, according to the Consumer Financial Protection Bureau (CFPB). Use our DTI ratio calculator to find where you stand.
A healthy FICO credit score: Most mortgage refinance lenders have a minimum credit score requirement of 620, but you’ll get the best rates for a score upwards of 740.
A Loan-to-value ratio (LTV) of 20% or more: The LTV is the amount of the loan you want to take out divided by the appraised value of your home.

☑ A copy of your government-issued ID or Social Security card

☑ Proof of income for the last 30 days

☑ W-2s for the past 2 years

☑ Federal tax returns (personal and business) for at least the last 2-3 years

☑ Written explanation if employed less than two years or if there’s a gap or change in employment

☑ Address of property to be refinanced and purchase contract

☑ Homeowners’ insurance information such as the agent’s name and contact information

☑ Bank statements and statements of assets

☑ Bankruptcy/ discharge papers if applicable

When is refinancing your mortgage not the best idea?

Just because you can refinance doesn’t mean you should.

For starters, if your interest rate will not drop at least 0.5 to 0.75 percentage points, most experts will argue that it’s not worth it.

Refinancing also means closing costs and other potential fees. Even if you are paying less each month, it does not make sense to refinance if you will not recoup closing costs before you expect to move.

The following are a handful of reasons to reconsider a mortgage refinance:

If your refi terms won’t save you much in interest
Your credit score has taken a dive since your original mortgage
High closing costs
Your new minimum monthly payment will be out of your budget
You have plans to move out in the near future

Latest News on Mortgage Refinance

Determining whether to refinance your mortgage or not means taking a hard look at your finances and running the numbers to see if it makes financial sense. Mortgage rates are on the rise which means that for many homeowners, the opportunity to refinance into a lower rate isn’t there.

However, for some homeowners, a refinance may still make sense. There are about 700,000 owners who could reduce their current interest rate and cut down their monthly payments. Mortgage refinancing can also help reduce the term of your loan, or allow you to tap into equity you’ve built via a home equity loan.

If you’re a homeowner who falls into one of these categories, here are 7 Steps to refinancing that will guide you through the next steps.

Define your refinancing goal (e.g. lower your rate, shorten your term, etc.)
Check your home equity
Check your credit score and credit report
Calculate whether refinance costs will be worth it
Get your W2, 1099 forms and other documents ready
Shop for a lender
Lock in your rate

Best Mortgage Refinance FAQ

What is refinancing?

When you refinance a mortgage you replace your current loan with a new one with a different term length, interest rate or amount borrowed. Ideally, refinancing can help you save money on your mortgage by negotiating a lower interest rate or reducing the number of years you need to pay.

How often can you refinance your home?

There is no limit to the number of times you can refinance your mortgage. However, the closing costs associated with refinancing can be expensive. Just because you can always refinance your home doesn’t mean you should do so. Make sure to calculate your breakeven point.

How much does it cost to refinance a mortgage?

Closing cost to refinance a mortgage can cost around 2% to 6% of your loan amount. This includes fees for the loan application, loan origination, home appraisal, and mor. With a no closing cost refinance loan these fees get rolled into the loan balance or interest rate.

When to refinance a mortgage?

The best time to refinance a mortgage is when interest rates are lower than when you locked in your rate and closed on your current mortgage. Refinancing when rates are lower will allow you to reduce your monthly payments. You may also refinance to a shorter term and pay more each month but save on interest over the life of the loan.

What are today’s mortgage refinance rates?

As of the week ending June 2022, the average rate for a 30-year fixed-rate mortgage was 5.09%, according to Freddie Mac. Mortgage rates change constantly. The rate you’ll get will depend on your credit history, among many other factors, including whether your are purchasing a home or refinancing. Stay up to date with current mortgage rates and how they affect your house-hunting goals.

How soon can you refinance a mortgage?

How soon you can refinance your mortgage will depend, in part, on the requirements outlined by your lender — like having a good credit score and enough money in the bank to cover the costs of refinancing.

The type of loan you have will also affect your refi timeline. In the case of conventional loans, you may be able to refinance immediately. Some lendersmay require a ‘seasoning’ period, where you have to make a minimum number of monthly payments before being eligible to refinance, though you may be able to circumvent that by choosing a different lender.

For FHA loans, you’ll need to have made at least six monthly payments before you can do a rate and term refinance. VA loans also require at least six months of payments, while USDA loans require 12 months of payments.

For a cash-out refinance, you’ll need to have a record of between six and 12 months of payments before you can refinance, depending on the type of loan and lender. If you’re thinking of refinancing your loan, check with your lender to see what requirements they may have.

What is the average closing cost to refinance a mortgage?

The average cost of refinancing a mortgage ranges between 2% and 6% of the total loan amount. Closing costs may include application and origination fees, appraisal costs, title fees, insurance and discount points, among others fees.

If you cannnot pay closing costs upfront, you may still be able to refinance at a higher interest rate. Some lenders will also allow you to roll the closing costs into the mortgage, which can lead to higher monthly payments.

How We Chose the Best Mortgage Refinance Companies

Our methodology considered:

Lenders that provided a quality customer experience with online tools, pre-approvals, discounts, or exclusive refinance programs
Lender size, reputation, and complaints. We consulted the Mortgage Bankers Association, J.D. Power’s U.S. Primary Mortgage Origination Satisfaction Study and the NMLS (Nationwide Multistate Licensing System or “Nationwide Mortgage Licensing System”)
Consumer feedback and expert input

Summary of Money’s Best Mortgage Refinance Companies of September 2022

Rocket Mortgage – Best Refinance Lender Overall
Zillow – Best Marketplace
Better – Best for Fast Closing Time
loanDepot – Best for Online Mortgage Refinancing
Navy Federal Credit Union – Best Credit Union
Ally Financial – Best for Jumbo Loans
Nationwide – Best for Borrowers with Poor Credit
Bank of America – Best for Member Discounts

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