Check Your Options

Refinance Your Mortgage the Smart Way

Refinancing your mortgage can be a smart way to reduce your monthly payments, shorten your loan term, or use your home’s equity to reach your financial goals. Mortgage Rates Today helps you compare refinancing information from multiple participating lenders so you can make an informed decision with confidence.

Explore Your Options

Why Homeowners Consider Refinancing

  • Lower your monthly payments by securing a more competitive interest rate.
  • Pay off your loan faster with a shorter loan term.
  • Switch loan types between adjustable and fixed-rate mortgages.
  • Access your home’s equity through a cash-out refinance for home improvements, debt consolidation, or other needs.

How It Works

Tell us about your goals.

Share basic details about your existing mortgage and what you’re hoping to achieve.

See lender programs that fit.

We’ll help you explore refinancing options from participating lenders.

Compare and choose confidently.

Review rates, programs, and terms before deciding which lender to contact — all with no credit impact.

Tell us about your goals.

Share basic details about your existing mortgage and what you’re hoping to achieve.

See lender programs that fit.

We’ll help you explore refinancing options from participating lenders.

Compare and choose confidently.

Review rates, programs, and terms before deciding which lender to contact — all with no credit impact.
Explore Your Options

Frequently Asked Questions

1. What is purchase financing?

Purchase financing is the process of getting a mortgage to buy a home. Instead of paying the full price upfront, you borrow funds from a lender and repay them over time through monthly payments that include principal and interest. Comparing purchase financing options helps you find the most competitive rate and loan program for your budget and homeownership goals.

When you apply for a home purchase loan, a lender reviews your credit, income, and financial background to determine how much you can borrow and what rate you qualify for. Through Mortgage Rates Today, you can compare loan programs from multiple participating lenders before deciding who to contact — with no credit impact and no obligation.

You can view information on several common loan programs, including:

  • Conventional Loans: flexible options for buyers with good credit
  • FHA Loans: low down payments and more flexible qualification requirements
  • VA Loans: benefits for eligible veterans and service members
  • USDA Loans: zero-down financing for qualifying rural and suburban homes

Each program has its own benefits depending on your financial goals and eligibility.

Down payment requirements depend on the loan type and lender:

  • Conventional Loans: typically 3–5% minimum
  • FHA Loans: 3.5% for qualified borrowers
  • VA and USDA Loans: may offer 0% down for eligible applicants

Comparing programs can help you find the best fit for your savings and homeownership plans.

  • Pre-qualification gives you an estimate of what you might be able to borrow based on your self-reported financial information.
  • Pre-approval is a more formal process where a lender reviews your documents and performs a credit check.

Getting pre-approved can help you understand your true buying power and strengthen your offer when shopping for a home.

Start Comparing Refinance Options Today

Compare personalized refinancing programs and see how much you could save — all without impacting your credit score or committing to any lender.

No obligation. No credit impact. Just clear options.

Explore Your Options