Should I refinance?
Check your current mortgage without entering the mortgage lead machine.
Compare your payment, rate, closing costs, credits, and break-even against wholesale refinance options. The lenders being compared do not each receive your contact information.
The real refinance question
Does the benefit justify changing the loan?
Almost any refinance can show a lower payment by restarting the clock. A useful refinance improves your actual financial position after costs and within your expected timeline.
Rate-and-term refinance
Replace your current loan with a better structure, judged by total savings and break-even, not a teaser rate.
Term changes
See what happens when you shorten the term, lower the payment, or keep the same payoff timeline.
Mortgage insurance removal
If your equity has grown, a new structure may remove mortgage insurance and reduce the payment.
Wholesale comparison
Lender competition without the lender call pileup.
RateVerdict shops available wholesale structures behind the scenes. You get a broader market comparison without submitting your information separately to each lender.
- Your current rate, payment, balance, and remaining term
- Wholesale rate structures from the available lender network
- True savings on a same-payoff-timeline basis
- All costs and the month those costs are recovered
- How long you realistically expect to keep the loan
- Whether the honest answer is refinance, wait, or keep what you have
Helpful reading: When refinancing makes sense and How break-even works.