Did Better Mortgage Send Me a Postcard About My Loan?

We never share sensitive information such as a mortgage identification number in unsealed postcards. Check here to see if the postcard was sent by us. Read more

Is mortgage insurance required for jumbo loans with Better?

Loan-to-value ratio (LTV) typically determines whether private mortgage insurance is required. Here we explain how LTV affects Better Mortgage jumbo loans. Read more

What is the definition of a condominium?

Learn what a condo is, how ownership of the common areas on the building works, and what shared responsibilities come with living in a multi-unit development. Read more

Better Guide to Refinance

Published March 8, 2018

Updated October 27, 2025

by Better

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

How to use a HELOC to pay off a mortgage

Thinking about using a HELOC to pay off a mortgage? Learn how it works, the pros and cons, and alternative strategies for managing your home loan.

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Refinance requirements: Essential checklist for approval in 2025

Understand the refinance requirements for different types of loans. Learn what is needed to qualify and start your mortgage refinance with confidence.

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Interested party contributions for real estate: An easy explanation

Understand how interested party contributions can impact your loan, LTV ratio, and closing costs. Get clear information on what to watch for before you close.

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How to shop around for mortgage rates? Top tips

Learn how to shop around for mortgage rates effectively to secure the best deal. Compare lenders, learn useful tips, & save thousands on your home loan.

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Recasting a mortgage: When it makes sense and how to do it

Learn how recasting a mortgage works, when it’s a smart move, and where it stacks up against refinancing or extra payments. Plus, discover the pros and cons.

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Awaiting the Fed’s next move? Watch 10-year T-notes

Yields on 10-year Treasury notes often show trends in mortgage rates.

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What debt should I pay off first to raise my credit score?

What debt should I pay off first to raise my credit score? Compare revolving vs. installment, pick strategies like avalanche/snowball, and avoid score dips.

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