Based in New York, Katherine graduated ... Some lenders will waive certain fees for current borrowers who want to refinance. Make sure you compare other options. Comparison shopping is the key ...

When you refinance your mortgage, you swap out your current home loan for a new one, ideally with better terms. Determine whether you want to do a cash-out refinance or a rate-and-term refinance.

Comparison shopping often leads to finding the lowest rates when planning to purchase a new home or refinance an existing loan. Here's how to compare current mortgage rates and find the best fit ...