Mortgage 101: How to Refinance a Mortgage

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While the historic low mortgage rates we saw in 2020 appear to be gone, the 30-year fixed rate mortgage is still relatively low, which means it’s not too late to lock in a lower monthly mortgage payment for potentially the next decade or more if you move quickly.

But the mortgage refinance process can be complicated, with a lot of moving parts and confusing terms that can lead even experienced homebuyers to throw up their hands in exasperation. If you’re going to work fast, you need to be smart about it and know what to expect.

So before you start down the road to refinancing, let’s go through the basics on how to refinance your mortgage and look at a few time-saving tips so you can quickly get today’s low rates locked down before they go up again.

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CNN Underscored reviews financial products such as credit cards and bank accounts based on their overall value. We may receive a commission through LendingTree if you request refinance offers, but our reporting is always independent and objective.

Terms may apply.

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[jacksonpaul]

I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460, 000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.

[troll]

"We may receive a commission through LendingTree if you request refinance offers, but our reporting is always independent and objective."
HAHAHAHHAHAHHAHAHHA

[littleb]

If my house in Ukraine get bombed into dust,
do I still need to repay the mortgage?

[mwwc]

the math is wrong on the points part of this at 2:04. If the mortgage is 200, 000 and you pay $2000 you are only paying one point which would reduce your rate .25% to 4%. They have the $2000 as being worth 2 points when it's actually one.

[luciataylorvilles]

I know Everyone needs more than just their basic Salary to be Financially secured, So the best thing to do with your money is to invest in different streams of income, because money left in savings always end up used with no returns

[OniSamaGin]

Nice advertisement.. It is only an advertisement. Sit through some youtube adds for a cnn lending tree add.

[TheJoeMoneyShow]

If I refinance do I have to pay a fee?

[jonathanjones]

Is that your picture next to “charming” in the dictionary?

[Christian-dizu]

But people things are great and getting better, Joe said so.

[chancemack]

There’s a war going on and CNN is putting out content on Mortgage refi’s. Lol.

[adambriceland]

Well this video sure is a switch of gears lol

[Gilmourist]

rent the house you like and just stop paying them rent. Too many investors driving up prices.

[daniellelaura]

i hope most people know there rates are going up

[MKultraInstinct]

LOOKS LIKE UKRAINE NETWORK NEWS TOOK A BREAK FROM THEIR DISTRACTING

[lberalmoonbat]

Monday I bought heating oil at $3.80 a gallon .... Today the price is *$4.60.*
Let's go Brandon, I agree.

[ddixonmorris]

Based on the comments, it appears there are seven year olds watching this video. So immature and foolish. Smh

[rjmidnite]

Howard stern did blackbface with big lips it’s to funny!

[lberalmoonbat]

“Putin may circle Kyiv with tanks, but he’ll never gain the hearts and souls of the Iranian people”

[halimtalafuka]

Hari Sabtu.Tgl.5/3/2022/.Halim Talafuka, Allahumma Amiin.@$#