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Top 5 Mortgage Refinance Services 2023 - Best Mortgage Refinance Services Reviewed

Very Bad Reviews ® | Published Today | Verified By Katie Connor


Before the 1930s, only a few highly privileged families had their own homes. People did not have enough cash to pay for a home instantly. In the 1930s, the banks embraced the idea of giving people a loan to buy a home. This loan is what we now call the mortgage. Learning how much mortgage you qualify for will help inform you how large of a property you can afford.

Your home is an investment. Refinancing is one way you can use your home to leverage that investment. There are several reasons you may want to refinance, including getting cash from your home, lowering your payment, and shortening your loan term.

GOOD NEWS: We did all the research and testing for you. We will help you find the best Mortgage Refinance Service in the online market today.

ATTENTION: You want to avoid services that have a high-interest rate, risk of repossession, low credit score, extra fees, and getting you stuck on their contract for a long time.

What Does It Mean To Refinance A House?

A mortgage is a loan given to a homebuyer by a bank or mortgage lender. This loan is meant to help the buyer finance the purchase of the house they desire. How long it takes to secure a mortgage varies for each borrower but the better your finances are, the easier it will be.

However, Refinancing your mortgage is when you replace an existing loan with a new loan. Mortgage refinancing allows a homeowner to borrow funds at a more favorable interest rate, repay the funds over a different length of time or withdraw from or add to your home equity.

When purchasing a home refinancing, it is best to secure one that is no larger than 80% of the home’s value. In exchange for the loan, the house being bought acts as collateral if the buyer cannot clear the loan payments.

GOOD NEWS: Thankfully, there are many mortgages refinance services offering affordable, yet extremely helpful home investment.

How Does Refinancing A Home Work?

The refinancing process is often less complicated than the home buying process, although it includes many of the same steps. It can be hard to predict how long your refinance will take, but the typical timeline is 30 – 45 days.

The primary reason borrowers refinance is to get a more affordable loan. A lot of the time, a refinance can lower the interest rate.

GOOD NEWS: Yes, they are worth trying, if you're considering purchasing the house you desire. Don’t worry, we will be helping you to find the service you needed!


5 Benefits of Refinancing Your Mortgage:


Safe & Secure

Save Time & Effort

100% Recommended

Fast & Easy

Proven & Reliable

How To Get The Best Mortgage Refinance:

Keep a Steady Payment – A mortgage could be a good fit for you if you need to borrow a larger amount. Cash loans are also a good option if you need more than a few weeks to pay the loan back, and prefer to make regular, steady payments.

Be Smart – You can avoid being upside down by making a significant monthly payment. We recommend that you have a down payment of at least 15 percent of the total loan cost.

Our Research​​

We performed 12-weeks of product testing, looked at customer feedback, and their customer service response. This led our team to find the top 5 mortgages refinance services.

Our top 5 choices are based on 5 key metrics. Company history, customer feedback, client's safety, reliability, and security. 

Our #1 pick had the best approval rating, and quickest time to get a mortgage refinance online. No one else came even close!


Top 5 Mortgage Refinance Services 2023

Our #1 Top Pick For 2023​


Advertising Partner | Enhanced Refi Now (ERN)

Our Rating: Top Pick 2023

Enhanced Refi mortgage program helps you meet the needs of borrowers who are making timely mortgage payments but have been unable to refinance due to declining property values, take advantage of expanded refinancing opportunities and provide additional flexibilities for mortgages with LTV ratios that exceed maximum limits for a “no cash-out” refinance offer.


***PRO TIP*** Apply for the lowest loan first to get approved. You can thank us later!


Our top pick for 2023 - We tested and researched 8 different mortgage refinance lenders
Better Rates - You will get the lowest morgage rates online. They can not be beaten.
Low Payments - ERN beats multiple lenders anywhere in Canada. This means you can get the lowest monthly rates.
You're Approved - They accept everyone. Bad credit or no credit. They can not be beaten.
100% Secure - ERN is the biggest and most secure home refinance in the USA trusted by millions.


Only available in USA.

Advertising Partner |  Lending Tree

LendingTree is one of the best mortgage marketplaces around, letting you compare mortgage products from over 1,500 different lenders. You can compare lender offers online through a three-step process that consists of answering a series of questions, comparing offers side by side, and discussing your options with a loan officer.


Advertising Partner |  Veterans United


Veterans United specializes in loans backed by the U.S. Department of Veterans Affairs, and is a great option for active-duty service members and reservists, as well as veterans and their families.


Advertising Partner |  Guild Mortgage



Guild Mortgage offers government-backed FHA, VA, and USDA loans and programs that specialize in down-payment assistance. According to the Mortgage Bankers Association Report (MBA), Guild is among the nation’s top five lenders of FHA loans, making it an excellent option for qualifying borrowers with credit scores as low as 540 (provided they put at least 10% down).


Advertising Partner |  Navy Federal


Navy Federal’s HomeBuyers Choice program is a standout option in the company’s line of financial products. It offers 100% financing, a fixed interest rate, and a seller contribution of up to 6%. This makes it a strong alternative for members of the military who are buying their first home.


Advertising Partner | Enhanced Refi Now

Our Rating: Top Pick 2023

Enhanced Refi mortgage program allows borrowers to choose the terms of their mortgage outside of traditional 15- or 30-year periods, from 8 to 29 years.

8 Mortgage Services reviewed:

  • Navy Federal

  • Veterans United

  • Guild Mortgage

  • LendingTree

  • Caliber Home Loans

  • Bank of America 

  • Better Mortgage 

  • Enhanced Refi Now


Very Bad Reviews is a for-profit company. Our partners pay to be accredited and we may earn money from them or other companies on our site when you complete a form, make a call, or click on a link.

We rate the brands featured below based on our reviewer's findings, user experience, provider popularity, and advertising fees combined with conversion rates.

*Disclaimer: We are able to provide you with our free online comparison tool thanks to referral fees we receive from a number of companies that are compared and reviewed on our website. We do not review all products in a given category. We are independently owned and operated and all opinions expressed on this site are our own. Results may vary. The information on this site is not intended or implied to be a substitute for professional medical advice, diagnosis, or treatment. All content, including text, graphics, images, and information, contained on or available through this website is for general information purposes only. You are encouraged to confirm any information obtained from or through this website with other sources, and review all information regarding any health or medical condition, concern, diagnosis, or treatment with your primary care physician, or another licensed or appropriately credentialed health care worker or medical professional. This site makes no representation and assumes no responsibility for the accuracy of the information contained on or available through this website, and such information is subject to change without notice.

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