You’ll need to shop around to find the best refinance lender for you. Be sure to not only check with your existing lender, but gather refinance quotes from at least two other lenders. To get a feel for what’s out there, you can explore online lender reviews or ask for referrals from family and friends.
Pay attention to both the interest rates and annual percentage rates (APRs) of any loans you’re offered. Additionally, think about how long you plan to stay in your home. If you’re moving soon after your refinance, it might not make sense to go through the process of replacing your existing mortgage.