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●  Rate Refinance

Rate & Term Refinance — lower your rate, reduce your payment

Replace your existing mortgage with a better one. Lower your interest rate, shorten your term, or both — without pulling any cash out. Access 100+ wholesale lenders for the most competitive rate.

No-cost
Options available
100+
Lenders compared
5–30yr
Term options
21 days
Avg close

Program details

Competitive terms from 100+ wholesale lenders.

Loan Types
Conventional, FHA, VA
All major programs
Max LTV
97% conventional
Up to 100% VA IRRRL
Min Credit
580+
Varies by program
No-Cost Option
Available
Roll closing costs into rate
Rate Lock
Up to 90 days
Lock while processing
Close Time
21–30 days
Typical timeline
Income Docs
Required
W2 or self-employed
Appraisal
Usually required
Some streamline options exempt

Common questions

A common rule of thumb is to refinance if you can lower your rate by at least 0.5–1%. But it also depends on how long you plan to stay and your closing costs. We’ll run the break-even analysis for you.

A no-cost refi means you don’t pay closing costs out of pocket. Instead, the costs are rolled into a slightly higher rate. Great if you don’t want to pay upfront or plan to move within a few years.

Yes. FHA loans can be refinanced via FHA Streamline. VA loans have the IRRRL program — often no appraisal required.

Most refinances close in 21–30 days. Streamline programs (FHA, VA) can sometimes close in 14–17 days.

Only if you choose a new 30-year term. You can also choose a 15, 20, or 25-year term to avoid resetting the amortization clock entirely.

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See how much you could save

Free rate comparison in under 2 minutes. No credit pull.