Best Mortgage Refinance Companies

Mortgage refinancing is the process of negotiating a new mortgage contract while continuing to live in your existing home. Instead of moving, you have a closing with a lender that potentially grants you a lower rate or a longer or shorter term and could give you cash back as credit for the equity you’ve already paid into your former mortgage. Like a new home purchase, administrative costs could range from 2% to 6% of your new loan amount.

With these expenses, refinancing is usually best done when you plan to stay in your existing home for several years to recoup your closing costs.

Because refinancing your mortgage could be a smart financial move—or a costly one—we reviewed 18 mortgage refinance companies to find eight that are the best fit based on different circumstances. Before deciding to refinance, review our best mortgage refinance companies closely to learn the finer points and hidden gems that can help you make the best refinance decision for you with the right lender.

Best Mortgage Refinance Companies of 2022

• Best Overall: Quicken Loans (Rocket Mortgage)
• Best All-in-One Service: Nationwide Home Loans
• Best for Customer Service: AmeriSave Mortgage
• Best Online Lender: LenderFi
• Best Bank: Bank of America
• Best Credit Union: Alliant Credit Union
• Best for Fees: Better.com
• Best for Veterans: Navy Federal Credit Union

Quicken Loans (Rocket Mortgage)

Our best overall lender, Quicken Loans—which has begun operating its refinancing as Rocket Mortgage—lends in all 50 states, refinances conventional, jumbo, and all government-guaranteed loans, and has a streamlined online process.