Mortgage rates have fallen to record lows in the wake of the COVID-19 pandemic, creating an opportunity for homeowners to refinance their mortgages and potentially save money. If you can save money and recoup your costs before you sell your home, it’s a good time to refinance.
Refinancing is a do-over of your home loan. You may want to lower your monthly payment, pay your loan off faster, or tap some equity for home improvement or debt consolidation. Refinancing replaces your old loan with a new loan to help improve your finances. And LendingTree studies show comparing rates with multiple lenders saves thousands in interest over the life of a home loan.
Refinance rates change daily, and LendingTree’s comparison tool does the heavy lifting for you, checking interest rates at multiple lenders in minutes. You’ll get custom rates quotes based on details you input about your current mortgage and the reason for your new mortgage.
LendingTree is a lot more than mortgages. They are an online loan marketplace for various financial borrowing needs including auto loans, small business loans, personal loans, credit cards, and more.