We want this to be a “win-win” situation. So we only want to get paid if we bring you value in the form of finding a personal finance option that works for you. Not by selling your data. We are a wholesale broker, meaning we have access to rates our mortgage lenders offer solely to brokers they work with. Generally, our lenders pay us and incorporate the cost of our services as part of the final interest rate on your loan, or in your loan amount. This is common practice in mortgage transactions where you choose for the lender to pay your broker’s fee upfront. If you would prefer to minimize your rate, you may opt to buy "points" to decrease your rate, or pay our broker compensation yourself. Please talk to one of our licensed loan officers to explore your options.
See current mortgage rates from some of the top lenders. Compare rates and product features instantly.
How it works
Checking rates won’t affect credit score
Get prequalified rates in 3 minutes:
It's quick and painless. Tell us a little bit about you and your home to get accurate prequalified rates without impacting your credit score.
Compare rates from multiple lenders:
View the interest rate and cost breakdown of each loan to choose the best lender and loan product for you. Need help? Our mortgage team is not commissioned, so they're always on your side.
Upload documents on Credible:
We take the stress out of refinancing by automating the document collection process, keeping you updated on the status of your application every step of the way.
Finish your loan with us:
With Credible, you can complete the whole refinance process online. We have a team of dedicated mortgage experts ready to help you if you need it.
With a 30-year mortgage refinance, you take out a new loan for the amount of your current mortgage and use it to pay off your existing debt. The new mortgage has different repayment terms, including interest rate, monthly payment, and a 30-year term.
Lower interest rate
When you refinance, you might be able to qualify for a lower interest rate on your mortgage. Over time, that lower rate can help you save money.
Smaller monthly payment
If you opt for a 30-year loan term, you might be able to reduce your monthly payments, giving yourself more breathing room in your budget.
30-year fixed mortgage rates never change. That can be a big relief when compared to adjustable-rate mortgages (ARMs), which can fluctuate a great deal.
What Is a Mortgage Rate and How Do They Work?
With a longer loan term, there’s more time for interest to accrue. Over the length of your loan, you might pay more in interest charges than you would with a shorter refinancing term.
Like your original mortgage, refinancing a mortgage comes with closing costs which could add up to thousands of dollars.
If you want to refinance your home mortgage to a 30-year refinance loan to take advantage of lower interest rates, compare rates from multiple lenders before submitting your application. Interest rates and loan terms can vary widely from lender to lender, so use Credible to compare mortgage rates from several lenders at once.
If your credit has improved since you originally took out a mortgage, or if the market has changed and interest rates have decreased, refinancing your 30-year fixed mortgage can be a smart decision. You can qualify for a lower interest rate, allowing you to save thousands over the length of your loan.
How a cash-out mortgage refinance works
Cash-out refinancing allows you to take money out of your home equity by refinancing your current mortgage for an amount that is greater than your existing loan and the refinancing loan’s closing costs. Find out more about how a cash-out refinance works.
How to refinance your mortgage
Refinancing your mortgage can be much simpler than the process you went through when you bought your home. Here’s how to refinance your mortgage — and everything you need to know before you do.
When to refinance your mortgage
If you own a home, it’s a good idea to reassess your mortgage periodically to see if you can find a better deal elsewhere. Check out some of the reasons refinancing your mortgage could be a good idea.
How to get the best mortgage refinance rates
You really have to do your research if you want to get the best mortgage refinance rate. We’ll take some of the burden off you by doing most of the legwork so you can find the best rate for your situation.
Ready to take the next step? Takes less than 3 minutes.