Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. Lenders like to advertise quick and easy refinances, but they don't always end up that way when you factor in all the new paperwork you'll have to deal with and the money you'll have to spend. But in certain cases, refinancing can actually be relatively easy. ...
Your home’s current value · How much you still owe on your mortgage · How much you’d like to borrow · The loan term you’d like (usually 10 to 30 years)
Your current loan info · Loan balance * · $ · Monthly payment * · $ · Interest rate (%) * ; Refinance loan info · Refinance amount * · $ · Term (months) * · Interest rate (%) * · See our current refinance rate
Mortgage Application Fee—Lenders may charge about 1% of the loan amount to process mortgage applications, approved or not. Home Appraisal—Lenders usually require the appraisal of the house value in order to evaluate changes in value, and whether borrowers have enough equity for successful application. This typically costs a few hundred dollars. Loan Origination Fee or Mortgage Points—Normally 0-2% of the loan amount, used as compensation for putting loans in place. Documents Preparation Fe...
30-Year Fixed Rate · Rate: 6.750% · APR: 6.855% · Points: .625 · Estimated Monthly Payment: $1,945.79 · Get Started* ; 15-Year Fixed Rate · Rate: 6.125% · APR: 6.273% · Points: .5 · Estimated Monthly Payment: $2,551.87 · Get Started*
On this page: ; 1. Decide if a student loan refinance is right for you ; 2. Check rates with multiple lenders ; 3. Choose a lender and your loan terms ; 4. Gather documents and fill out the application
Minimum Credit Score · 580 for FHA and VA refinances, 620 for conventional refinances ; Days to Close · 30–45 days
Variable Rates · 6.53% - 13.34%APR † · Why choose variable rates? · If you prefer a typically low starting interest rate and fluctuating monthly payments over time, this option is for you. Rate and Repayment Examples · Get Started ; Fixed Rates · 5.89% - 11.84%APR † · Why choose fixed rates? · If you prefer interest rates and monthly payments that are the same over time, this option is best for you. Rate and Repayment Examples · Get Started
Why Refinance with loanDepot? ; We are a direct mortgage lender ; You get low refinance rates and fast approvals ; You get a mortgage refinance that's right for you... not us ; We are federally and state licensed in accordance with the federal government's S.A.F.E. Act
A no-cost, no-obligation prequalification request that takes about 5 minutes ; Experienced lending specialists to help you every step of the way ; Easily manage the entire process online through Home Loan Navigator