What is a mortgage refinance?
A mortgage refinance is the process of getting a new home loan to replace an existing one. You typically follow the same steps you did for your purchase mortgage, except your new loan pays off your old one. A mortgage refinance typically leads to a lower rate, a shorter term or some extra cash in your pocket.
LendingTree Mortgage Products
LendingTree connects customers with participating companies that offer a variety of home loan products for purchase, refinance, or tapping into home equity. These include:
- Conventional Mortgage Loans
- FHA Loans
- VA Loans
- Home Equity Loans
- Home Equity Lines of Credit (HELOC)
- Reverse Mortgages
LendingTree’s website features a “Home Loans” menu that makes it possible for borrowers to begin their loan search by choosing a general category, such as “Mortgage” and “Refinance,” or dive directly into more specific products such as “Home Equity Loans,” “Reverse Mortgage,” “FHA Loans,” and “VA Loans.”
Why choose LendingTree
LendingTree’s superpower is its ability to connect homeowners with many different lenders, all of whom are competing for their business. It offers you multiple options to choose from and saves you the stress of negotiating with a single company for smaller interest rates. And all of this for free.