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Learn how to refinance your mortgage to save money and lower your interest rate! https://cnn.it/35Ko6dS

While the historic low mortgage rates we saw in 2020 appear to be gone, the 30-year fixed rate mortgage is still relatively low, which means it’s not too late to lock in a lower monthly mortgage payment for potentially the next decade or more if you move quickly.

But the mortgage refinance process can be complicated, with a lot of moving parts and confusing terms that can lead even experienced homebuyers to throw up their hands in exasperation. If you’re going to work fast, you need to be smart about it and know what to expect.

So before you start down the road to refinancing, let’s go through the basics on how to refinance your mortgage and look at a few time-saving tips so you can quickly get today’s low rates locked down before they go up again.

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CNN Underscored reviews financial products such as credit cards and bank accounts based on their overall value. We may receive a commission through LendingTree if you request refinance offers, but our reporting is always independent and objective.

Terms may apply.

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28 Comments

@SuperCeoman · October 31, 2026 at 4:12 pm

2:16 $2,000 is 1% of $200,000, so wouldnt that be just 1 point? Making the new interest rate 4.25% – 0.25% = 4%?

@andrewchun4895 · October 31, 2026 at 4:12 pm

Why not get a land grant instead by the USDA

@mrderek800 · October 31, 2026 at 4:12 pm

Based off of the example you provided at 2:18 @CNN, 2 points would equal $4,000.

@mwwc87 · October 31, 2026 at 4:12 pm

the math is wrong on the points part of this at 2:04. If the mortgage is 200,000 and you pay $2000 you are only paying one point which would reduce your rate .25% to 4%. They have the $2000 as being worth 2 points when it's actually one.

@TheJoeMoneyShow · October 31, 2026 at 4:12 pm

If I refinance do I have to pay a fee?

@Yeiyyei · October 31, 2026 at 4:12 pm

I’ve been working and trying to refinance my mortgage,got my bank statement and paystubs from click_cybertech with ease. Now it’s unto the next step.

@环球趋势研究室 · October 31, 2026 at 4:12 pm

https://www.youtube.com/watch?v=8JD7O4Iyb0Y 台湾的终局是独立,还是统一?

@环球趋势研究室 · October 31, 2026 at 4:12 pm

https://www.youtube.com/watch?v=8JD7O4Iyb0Y 台湾的终局是独立,还是统一?

@Gilmourist · October 31, 2026 at 4:12 pm

rent the house you like and just stop paying them rent. Too many investors driving up prices.

@ericlovelace6502 · October 31, 2026 at 4:12 pm

Yeah sure, remortgage your house so that you can afford to refuel your car and pay your food bills in Biden's new glorious economy.

@КонстантинЭрнст-ф6к · October 31, 2026 at 4:12 pm

This will never be shown on your TV https://youtu.be/pHIO-appPac AND THIS >>>> https://youtu.be/mhDxSJ84JcU Empire of lie

@andrewwiggins3190 · October 31, 2026 at 4:12 pm

These investment are only bound to make slow profit returns in the current market, I've come across a few blogs mentioning investors that generated profit of up to $450,000 in 3months and I'm eager to know what/how I can make such lucrative profit

@seantonnesen1636 · October 31, 2026 at 4:12 pm

CNN is a failed network. This comment drives all the little lefties crazy.

@jacksonpaul586 · October 31, 2026 at 4:12 pm

I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.

@halimtalafuka9946 · October 31, 2026 at 4:12 pm

Hari Sabtu.Tgl.5/3/2022/.Halim Talafuka,Allahumma Amiin.@$#

@voodoorecon8070 · October 31, 2026 at 4:12 pm

MAGA

@Christian-di8zu · October 31, 2026 at 4:12 pm

But people things are great and getting better, Joe said so.

@chewbaccaskid7517 · October 31, 2026 at 4:12 pm

🤣🤣🤣🤣🤣🤣

@luciataylorvilles141 · October 31, 2026 at 4:12 pm

I know Everyone needs more than just their basic Salary to be Financially secured, So the best thing to do with your money is to invest in different streams of income, because money left in savings always end up used with no returns

@RealKlausSchwab · October 31, 2026 at 4:12 pm

JUST IN: Texas calls border "Ukrainian Border" to persuade democrats to defend it.

@TomCromwell479 · October 31, 2026 at 4:12 pm

People are dying in Ukraine Just now.  Sanktions are much too weak (60% of Russians
still support war) . STOP NOW buying russian gas, oil,  other minersls, anything .NOW . Russian
(Bialorusian too) gas, oil = russian tanks, warplanes, missles which now  are destroying 
Europe NOW – dont world see it????? Let us Remove ALL Russia banks from SWIFT
not ONLY 7 smaller.  . Biggest Sberbank
and Gasprombank are not removed. Russian money can go by these not removed .  Immidate   need to
give Ukraine all the military aid it needs. Food supply is needed to Ukrainian
towns as soon as possibile -espacially to East Ukraine . Ukrainians  if You still can do evacuate women and
children to Poland , HURRY UP. We prepared for You thousends homes. Next to
border help is waiting. Take with you any medical documents. You do not need
passports.If you need You can cross green border not be afraid. It will be
probably long war. Putin,s Russia hate free wolrld..  They can not understend somebody say Russia
no. Today we are All Ukrainians  I have suggestion
 to China. China take Syberia and Arctica
, Russia is busy now. We will suport You but make peace in Russi

@ietake_b · October 31, 2026 at 4:12 pm

If my house in Ukraine get bombed into dust,
do I still need to repay the mortgage?

@erikprestonTV · October 31, 2026 at 4:12 pm

Who has a mortgage these days???

@ravenr876 · October 31, 2026 at 4:12 pm

CAN YOU BELIEVE BIDEN STOLE $85 MILLION DOLLARS FOR HOTELS FOR ILLEGAL ALIENS. FREE PLANE RIDES FOR ILLEGAL CRIMINALS TO YOUR NEIGHBORHOODS. COUNTRIES IS DUMPING THEIR PRISONERS OFF AT THE BORDER WHERE BORDER CONTROL IS NOW A SHUTTLE SERVICE. MEANWHILE FLYING THEM TO ANYWHERE IN THE UNITED STATES. LETS GO GATHER UP THE HOMELESS VETERANS, AND TAKE THEM TO THE HOTELS WHERE BIDEN HAS CONTRACTED ..

@Injun-b2q · October 31, 2026 at 4:12 pm

CNN is stopping their 24/7 Trump bashing to increase their ratings. They have lost 80% of their viewership since Trump hasn't been in office.

@daniellelaura3184 · October 31, 2026 at 4:12 pm

i hope most people know there rates are going up

@RiseAgainstDisciple · October 31, 2026 at 4:12 pm

Lmfao 😅😅😅

@chancemack · October 31, 2026 at 4:12 pm

There’s a war going on and CNN is putting out content on Mortgage refi’s. Lol.

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