If you’re tired of your high monthly mortgage payments, now is the perfect time to refinance. Whether you want to take advantage of low market rates or have experienced a boost to your credit standing, you can potentially save a lot of money on your monthly payments by refinancing to a lower APR (annual percentage rate). And with the economy bouncing back in the wake of the pandemic, interest rates could start rising at any time.
As with most things in life, it’s best to shop around when looking for mortgage refinancing offers. Your current provider may offer you the best rate, but there are plenty of other lenders out there who could make you an even better offer. Luckily with Fiona, you can get matched with refinancing offers from multiple top online lenders all in one convenient place.
Compare Today’s Mortgage Refinancing Rates
In order to best compare refinancing offers, make sure you take into account the following factors to get a clear picture of what’s available, and the pros and cons of each.
Loan term (i.e., the length of the mortgage repayment)
Interest rate (expressed as an APR)
Associated costs and fees
Time to close (typically 30-45 days)
Lender perks (e.g., the ability to track your application online)
So whether market rates are low, or if your own improved credit can score you a better APR, now is the time to explore all the options available through mortgage refinancing. Fiona makes the process fast and easy — see what rates you are eligible for today.
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