Better Guide to Refinance

Published March 8, 2018

Updated October 17, 2025

Better
by Better

 Image of Three Guide Books Titled A Better Guide to Mortgage Refinance

If you’re a homeowner, you might be hearing everyone from neighbors to news anchors talking about refinancing. But what exactly is a mortgage refinance? How do you know if you should do it? And if refinancing is a good idea, what’s the best way to go about getting it done?

Even the most experienced homebuyers can be uncertain of what goes into refinancing. But the truth is, it’s not as complicated as it may seem. This guide will help you:

  • Determine your refinance goals
  • Understand potential loan options
  • Get the tools to be a savvy rate shopper
  • Prepare for a smooth refinance journey

Related posts

How does buying a house affect taxes

There is a range of tax deductions homebuyers or homeowners can use to lower their tax bill. Learn which tax breaks apply to your and what tax forms to use.

Read now

How to lower your mortgage payment: 8 proven strategies

Explore how to lower your mortgage payment effectively, from refinancing to removing PMI. Learn how these small changes can lead you to big monthly savings.

Read now

What is a VA appraisal: How they work and requirements

Understand what a VA appraisal is, how it works, fees, property requirements, and what to do if the appraisal comes in low when buying with a VA loan.

Read now

Loan subordination, refinances, and closing delays

Discover how loan subordination lets you refinance while keeping a second mortgage: What it is, how it works, key steps, and why it’s important.

Read now

Mortgage Contingency: Why it matters for buyers and sellers

When financing looks questionable, mortgage contingencies come into play. Find out how Better can provide assurances with funding.

Read now

Pre-qualified vs. pre-approved: Learn the difference

Learn the difference between pre-qualified versus pre-approved. Understand their benefits, when to seek them out, and how they affect your home buying journey.

Read now

More affordable homes are hitting the market

Want to buy a home for the first time? More affordable homes are hitting the market now, giving first-time buyers more choices and a better shot at ownership.

Read now

What is a good DTI ratio for a home loan?

Learn all about what a debt-to-income ratio (DTI) is, what a good debt-to-income ratio looks like, and why it matters when taking out a home mortgage.

Read now

Homeowner credit scores are at a record high

Homeowner credit scores are at their highest in 15 years, and with new Fannie Mae rules, they could go further on a refinance application.

Read now

Related FAQs

Interested in more?

Sign up to stay up to date with the latest mortgage news, rates, and promos.