Get pre-qualified for a better rate — without affecting your credit

Even though average rates are low, not all lenders will offer you the same interest rate on a mortgage refinance. You have to shop around and compare rates to get the refinance offer that’ll save you the most money over time.

Homeowners who comparison shop before refinancing can reap thousands of dollars in additional savings, according to studies from Freddie Mac and others.

A good rule of thumb when you’re refinancing a mortgage is to compare loan offers from at least three lenders before officially applying.

The tool below can help you see which rates you can qualify for — before you apply.

Enter your information to get matched with lenders. If you’re a match, they’ll reach out with your pre-qualified offer, so you can compare offers and consider your options without a pushy sales person staring at you from across a desk.

Getting pre-qualified for a refinance loan doesn’t affect your credit score, and you don’t have any obligation to accept an offer if you don’t find something that’ll save you money.

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About the Author

Dana Sitar, CEPF®

Dana Sitar, CEPF®

Freelance Contributor

Dana Sitar has been writing and editing since 2011, covering personal finance, careers and digital media. She’s written about work and money for The New York Times, Forbes, CNBC, The Motley Fool, a column for Inc. and more.

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