2026 mortgage refinance rates will dramatically transform finances

Steps to Prepare for Refinancing

To make the most of the refinancing opportunities in 2026, it's essential to prepare in advance. Start by assessing your current financial situation and determining your refinancing goals. Consider whether you want to lower your monthly payments, shorten your loan term, or access home equity. Next, check your credit score, as a higher score can help you qualify for better rates.

It's also advisable to gather necessary documentation, such as proof of income, tax returns, and details of your current mortgage, to streamline the application process. Finally, research and compare lenders to find the best rates and terms. Many online resources allow you to browse options and evaluate different lenders, ensuring you make an informed decision.