Our experts answer readers' home-buying questions and write unbiased product reviews (here's how we assess mortgages). In some cases, we receive a commission from our partners; however, our opinions are our own.

For borrowers considering a refinance, getting a good mortgage rate is vital. Refinancing your mortgage isn't cheap, but getting a low rate can help you earn back what you spend, in addition to freeing up space in your monthly budget for other financial goals.