Loans > Mortgages > Home Refinancing

Looking to refinance your mortgage? Compare offers from up to 5 Lenders at LendingTree.com.

Definition: Refinancing is using a new loan and its terms to replace and pay off an existing loan and its terms.

There are several reasons why people refinance their mortgage:

• Get a lower Interest Rate.
• Switch from a variable interest rate to a fixed interest rate.
• Debt Consolidation (also called debt restructuring).
• Extending a mortgage to lower monthly payments.
• Get funds (get cash - added to loan or from home equity).
  

Choosing the right Lender

If you are like most people your mortgage is the largest investment you will make in your lifetime. Choosing the right lender is very important. It is best to use lender that is recognized, trusted, and has a proven track record.  is the leading online lending and realty services (mortgages, home equity loans, refinancing) exchange that empowers consumers. Most likely you have heard their slogan... "When Banks Compete, You Win".

Get a Low Interest Rate
  will let their network of lenders compete for your business (Lenders competing with one another drives down interest rates). The top offers will be selected and presented to you. If you like any of the offers you pick one. 

Nationwide Coverage
 is nationally recognized and trused, has coverage in all 50 states and has hundreds of lenders wanting to compete for your business and can give you an offer within minutes.

Lending Tree is the #1 online lending and realty services exchange that empowers consumers - When Banks Compete, You WinSM. They cover all 50 states and work with over 200 lenders to get you great rates.