The lower your interest rate on your refinance mortgage, the more money you will save. But not all refinance loans are created equal. To get the lowest interest rates, follow these three tips when applying for you refinancing.

1. Refinance Your Entire Mortgage

Refinancing your entire mortgage will help you to qualify for the lowest rates. Having split mortgages or a home equity line of credit elevates your risk level and rates.

However, if you have a really good rate on one mortgage, then you may not want to combine those mortgages. Take the time to request quotes for both loan situations. Within minutes, you can get an answer from lenders and know which is your best option.

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