12 ways to get the lowest mortgage refinance rates


You bought your home a few years ago, maybe when the market was not at its best and your interest rate was not the best but you decided to take the offer. Years have past your credit score has peaked and you are looking to save some money. Refinancing is not as scary as most people say. Learn how to get the lowest rate, and the most money back in your pocket. You can refinance, and receive additional savings on your monthly budget.

Key Takeaways:

  • Typically, a credit score of 740 or higher puts borrowers in the best tier for a conventional loan program.
  • Paying down your debts can reduce your debt-to-income ratio, or DTI, which improves your chances of qualifying for a low mortgage rate
  • Instead of choosing a lender solely based on current mortgage rates, you need to find a lender you can trust.

“Most lenders require a minimum credit score of 620 to 640, but you’ll pay a higher mortgage rate for conventional loans unless your score is 740 or above. However, some portfolio lenders set their own guidelines.”


Alliance Credit Counseling
8000 Corporate Center Dr Suite 114
Charlotte, NC 28226
(704-341-1010) / (704-341-1010)