Looking to refinance your mortgage in December 2025? With interest rates still a hot topic, finding the right company can make a big difference. Whether you want to snag a lower rate, pay off your loan faster, or switch from an adjustable to a fixed rate, there are several lenders out there that might fit the bill. We've looked at some of the top options to help you figure out the best company to refinance your mortgage.

Key Takeaways

• Refinancing can help you get a better rate, pay off your loan sooner, or change your mortgage type.
• Better is often recommended for those seeking lower rates.
• Rocket Mortgage is known for its quick closing process.
• LoanDepot stands out for its online closing options.
• PenFed Credit Union is a top choice for credit union members.

Better

When you're looking to refinance your mortgage, especially with rates still feeling a bit high in December 2025, finding a lender that offers competitive rates is key. Better, a company that's been making waves in the mortgage industry, often pops up as a strong contender, particularly for those who are really watching their budget. They've built a reputation for having rates that are frequently lower than what you might find elsewhere, and they also tend to skip a lot of the usual lender fees that can add up.

Better aims to make the refinancing process smoother and more affordable.

Here's a quick look at what they offer for refinancers:

• Loan Types: They handle conventional loans, FHA, VA, and even jumbo loans, plus options like HomeReady and HomeOne. Refinancing and HELOCs are also on the table.
• Loan Terms: You can typically choose between 15-year and 30-year fixed-rate terms.
• Credit Score: Generally, a score of 620 is needed for conventional loans, though it can be lower for FHA loans (around 580).
• Availability: Better operates in all 50 states and Washington D.C., so location usually isn't an issue.

One thing that stands out is their pre-approval process, which they say can take as little as three minutes. That's pretty fast if you're trying to get a sense of your options quickly. They also have a perk: if you refinance with them again within three years, they might give you up to $3,500 in credits. That's a nice little bonus to keep in mind.

It's worth noting that Better doesn't have physical branch locations, and they don't offer USDA loans. If you're someone who prefers face-to-face interactions or needs a USDA loan, you might want to look at other options. Also, there isn't a dedicated mobile app, so most of your interaction will be through their website.

Overall, if you're looking for a lender that focuses on lower rates and fewer fees, and you're comfortable managing the process online, Better is definitely a company worth checking out for your December 2025 mortgage refinance.

Rocket Mortgage

When you're looking to refinance your mortgage, speed is often a big deal. That's where Rocket Mortgage really shines. They've built a reputation for getting things done fast, often closing loans in about half the time it takes the national average. Seriously, their "Overnight Underwrite" process can get you approved in as little as two hours, which is pretty wild.

They handle a bunch of different refinance types, including conventional, FHA, and VA loans. One thing that stands out is their cash-out refinance option. For qualified borrowers, they let you pull out up to 100% of your home's equity, which is more than many other lenders allow. Just keep in mind they don't offer USDA loans or HELOCs.

Here's a quick look at what they offer:

• Conventional Refinance: For standard home loans.
• FHA Refinance: Good if you have an FHA loan now.
• VA Refinance: Specifically for veterans and active-duty military.
• Jumbo Refinance: For loan amounts that exceed conforming limits.
• Rate-and-Term Refinance: To get a better interest rate or change your loan term.
• Cash-Out Refinance: To tap into your home's equity.

Rocket Mortgage consistently gets good marks from places that survey customer satisfaction, even topping J.D. Power's rankings for mortgage servicers. It's a solid choice if you want a streamlined, online experience and don't want to wait around forever to get your refinance done.

If you're someone who prefers to do everything online and values quick turnaround times, Rocket Mortgage is definitely worth a close look. Their technology makes the application and approval process pretty straightforward, which can take a lot of the stress out of refinancing.

LoanDepot

LoanDepot is a pretty solid choice if you're looking to refinance your mortgage, especially if you like doing things online. They've got a reputation for making the process pretty smooth, and they even have a guarantee to close your loan on time. That's a nice bit of reassurance, right?

One of the cool things about LoanDepot is that if you already have a mortgage with them, you can refinance without paying any lender fees. That can add up to some real savings. They also have a pretty wide reach, offering refinancing across all 50 states and Washington D.C., so location usually isn't an issue.

Here's a quick look at what they offer:

• Mortgage Types: They handle conventional, FHA, VA, and jumbo loans, plus refinancing and HELOCs.
• Loan Terms: You can typically choose between 10 to 30-year terms.
• Credit Score: For conventional loans, a score of 620 is generally the minimum, while FHA loans can go as low as 500.
• Down Payment: Expect around 3% for conventional loans and 3.5% for FHA loans.

LoanDepot stands out for its fully remote closing options. In some situations, your loan officer might even skip the home appraisal, which can speed things up even more. It's a good option for those who prefer a digital experience and want to avoid the traditional back-and-forth of in-person meetings.

They also have over 200 branches nationwide, which is a bit surprising given their strong online focus. It means you have options if you prefer to talk to someone face-to-face. If you're interested in seeing how their rates stack up, you might need to get a quote directly from them, as they don't list them online. But overall, for a convenient and potentially fee-free refinance, LoanDepot is worth checking out.

Movement Mortgage

Movement Mortgage is a lender that really focuses on speed, which can be a big deal when you're trying to refinance. They claim to process over 75% of their loans in just seven business days. That's pretty fast compared to the industry average, which can often take a month or more. If getting your refinance done quickly is a top priority, they might be worth a look.

They also have a program called Movement Boost. This is designed to help out borrowers who might be a little short on cash for a down payment or closing costs, especially for FHA loans. It's not available everywhere, though, so you'd need to check if it applies to you.

Here's a quick rundown of what they offer:

• Nationwide availability: You can refinance with them in all 50 states and Washington D.C.
• Fast processing: Their goal is to get loans done in seven business days or less.
• Movement Boost program: Helps with down payment and closing costs on FHA loans.
• Wide range of loan types: They handle conventional, FHA, VA, USDA, jumbo, and even construction and renovation loans.

It's worth noting that while they are fast, they aren't always the most upfront about their interest rates on their website. You'll likely need to talk to a loan officer to get specific numbers. Still, their commitment to quick closings is a major selling point for many people looking to refinance. They have an A+ rating with the Better Business Bureau, which is a good sign of how they treat their customers, even though they aren't officially accredited. Movement Mortgage seems to be a solid choice if speed is your main concern.

Getting your mortgage refinanced can feel like a marathon sometimes. Knowing which lenders prioritize speed can make a big difference in your experience. Movement Mortgage definitely stands out in this area, aiming to get you through the process much faster than many others.

PenFed Credit Union

PenFed Credit Union is a solid choice if you're looking to refinance, especially if you're a veteran or have a VA loan. They're known for being a credit union, which often means better rates and fewer fees compared to big banks. It's not just for military folks either; you can join by opening a basic savings account with a small deposit, usually just $5.

When it comes to refinancing, PenFed has a few options. They handle rate-and-term refinances for conventional, FHA, and VA loans, plus they offer cash-out refinances. A big plus is their VA Interest Rate Reduction Loan (IRRRL), which is specifically for veterans looking to lower their rate. They even cover the VA funding fees and other costs associated with that specific loan type, which can add up.

Here's a quick look at what they offer:

• Rate-and-term refinance: For conventional, FHA, and VA loans.
• Cash-out refinance: Allows you to tap into your home equity.
• VA IRRRL: A streamlined option for veterans to reduce their interest rate.

They also have a pretty generous jumbo loan limit, going up to $3 million, which is great if you have a higher-value home. You can refinance with them in all 50 states and Washington D.C.

One thing to note is that they don't offer USDA loans, and if you're looking for an adjustable-rate mortgage, that's not something PenFed provides for refinances. Also, while they don't advertise specific credit score requirements online, credit unions often look for decent credit.

PenFed often provides a closing credit, sometimes up to $1,500, which can help offset some of your closing costs. This is a nice perk that can make the refinancing process a bit more affordable.

Magnolia Bank

Magnolia Bank is a solid choice if you're looking to refinance, especially if you're a veteran. They really seem to specialize in home loans for vets, which is pretty neat. What's also interesting is their willingness to work with borrowers who might not have the highest credit scores. While many places might turn you away if your score is below 620, Magnolia Bank is known to consider conventional mortgage refinances for scores as low as 580. That could open doors for a lot of people.

They also boast a faster-than-average closing rate, which is always a plus when you're dealing with something as big as a mortgage. Plus, they operate in all 50 states, so location isn't usually a barrier. It's good to know there are options out there that are a bit more flexible.

Here's a quick look at what they offer:

• Loan Types: Conventional, VA, FHA, USDA, and even reverse mortgages. They also handle construction loans.
• Terms: Both fixed and adjustable rates are available.
• Credit Score: They'll consider FHA loans with scores as low as 500, and conventional loans down to 580.
• Down Payment: 0% for VA loans, 3.5% for FHA loans.

It's always a good idea to compare rates and terms, but Magnolia Bank stands out for its accessibility and veteran focus. They seem to genuinely try to help people out, which is refreshing in the mortgage world.

Many people have had good experiences with them, with some even coming back for a second refinance. Folks like Dan and Greg have been mentioned for their helpful service. If you're a veteran or have a credit score that's a bit lower than average, Magnolia Bank is definitely worth looking into for your refinancing needs.

PNC Bank

PNC Bank is a solid choice if you're looking for a lender with a wide reach and a good mix of online and in-person services. They operate in all 50 states, which is pretty convenient, and you can either handle your mortgage refinance online or pop into one of their many branches if you prefer a face-to-face interaction. They handle a variety of loan types, including conventional, FHA, USDA, and VA loans, so most homeowners should find something that fits their needs.

PNC Bank is particularly noted for its availability across the country.

When you're thinking about refinancing, it's helpful to know the different ways you can do it. PNC Bank offers several options:

• Rate-and-term refinance: This is the most common type. You're essentially swapping your current loan for a new one with a different interest rate or a different repayment period. It's a straightforward way to potentially lower your monthly payments or pay off your home faster.
• Cash-out refinance: If your home has appreciated in value, you can use a cash-out refinance to borrow more than you currently owe and get the difference in cash. This can be useful for home improvements, debt consolidation, or other large expenses.
• Streamline refinance: If you have an FHA, USDA, or VA loan, you might qualify for a streamline refinance. This process usually involves less paperwork and a quicker approval because the lender already has a lot of your information on file.

It's worth noting that PNC Bank customers who have a significant amount of money in deposits or investments with the bank might be eligible for a discount on their refinance rates or fees. This can add up to some nice savings, so if you're already a PNC customer, definitely ask about this perk. They also have online calculators to help you get a feel for potential savings, which is a nice touch when you're comparing options. You can check out the PNC mortgage application process to get a better idea of what to expect.

True North Mortgage

If you're looking to refinance and want to potentially save a good chunk of change, True North Mortgage is definitely worth a look. They really push their lower mortgage rates, saying their clients save over $3,000 on average, and sometimes way more. It sounds like their brokers do a lot of business, and they pass those savings on to you. They claim their rates are usually about 0.18% lower than the big banks, and they've been doing that for a while.

Whether you're buying your first place, grabbing a rental property, or just want to refinance your current home, they've got brokers who can help. They say they can access a bunch of different lenders and products to find you the best rate. If your mortgage situation is a bit unusual and doesn't fit the standard mold, they also mention having flexible short-term options.

Here's a quick rundown of what they focus on:

• Lower Rates: Their main selling point is offering rates that beat the competition, especially big banks.
• Broker Network: They have a large network of brokers who are trained to find you the right mortgage product.
• Customer Savings: They emphasize the average savings their clients see.
• Flexibility: They can handle more complex mortgage needs beyond the typical offerings.

When you're thinking about refinancing, it's always a good idea to see what different companies can offer. True North Mortgage seems to be focused on getting you a good rate and making the process straightforward. They have a few ways to connect: you can apply online, give them a call, or visit one of their physical locations if that's more your style. They even mention having brokers who can come to you or speak different languages, which is pretty neat.

The whole point of refinancing is usually to get a better deal, whether that's a lower interest rate, a different loan term, or to pull out some cash. It's about making your mortgage work better for your current financial situation. Companies like True North Mortgage aim to simplify that process and put more money back in your pocket.

Keep in mind that your actual rate will depend on a few things, like your credit score, how much you're putting down, and the overall mortgage amount. They say their brokers can help you figure all that out so you know exactly what to expect.

Canadian Lender

When you're looking to refinance your mortgage in Canada, things can get a little different compared to the U.S. For starters, the mortgage market up north has its own set of rules and players. You've got the big banks, of course, but also a strong presence of monoline lenders and credit unions that often compete fiercely on rates. It's a good idea to check out what these specialized lenders have to offer, as they sometimes have more flexibility.

Keep an eye on recent rule changes, too, as they can impact your options. For instance, as of late 2024, there were updates to mortgage rules, including changes to the price limits for insured mortgages and adjustments to the mortgage stress test for homeowners renewing with a new lender. These kinds of shifts can make a difference in what you qualify for and the rates you might get.

Here's a quick look at some factors that can influence your mortgage rate in Canada:

• Credit Score: A score over 700 is generally considered good and can help you snag better rates.
• Down Payment/Insurance: Putting down 20% or more can get you out of mortgage default insurance, which can lower your overall costs. If you have less than 20%, you'll likely need insurance from places like CMHC, Sagen, or Canada Guaranty, and the premium depends on your down payment size.
• Location and Property Type: Rates can vary by province, and even by city. Lenders might offer better deals in larger, more active markets. Also, condo rates can sometimes be a bit higher than for single-family homes.

Shopping around is key. Don't just stick to the first lender you talk to. Mortgage brokers can be really helpful here, acting as a go-between to find you the best product and rate. They're usually paid by the lender, so their service often doesn't cost you directly.

As of December 10, 2025, the mortgage rate landscape in Canada is dynamic. While specific rates change daily, remember that the lowest advertised rates are often for insured mortgages and prime customers – meaning you'll need a solid credit history and stable income. It's always best to get personalized quotes.

Big 6 Bank

When you think about refinancing your mortgage, big banks often come to mind. These institutions, sometimes referred to as the "Big 6," are well-established players in the financial world. They typically offer a wide range of mortgage products and have a physical presence, which some people still prefer. Their extensive networks mean you might find a branch nearby for in-person consultations.

Refinancing with a big bank can be a straightforward process, especially if you're already a customer. They often have streamlined online portals and mobile apps, making it easier to track your application. However, their rates might not always be the most competitive compared to online-only lenders or credit unions. It's always a good idea to compare their offers with others on the market.

Here's a general look at what you might expect:

• Rate Holds: Big banks usually offer rate holds, giving you a window of time to lock in an interest rate while your refinance application is processed. This can be helpful if you're worried about rates going up.
• Prepayment Options: Most big banks allow for monthly prepayments, and many also permit lump-sum prepayments against your mortgage balance. This flexibility can help you pay down your mortgage faster.
• Availability: These banks operate nationwide, so you're likely to find one accessible regardless of where you live.

It's worth noting that while they offer convenience and a sense of security, you'll want to pay close attention to all associated fees. Sometimes, lower advertised rates come with higher origination fees, so doing the math is important. For a broader view of lenders, you might want to check out CrossCountry Mortgage as another option to consider.

When considering a large bank for your mortgage refinance, remember to look beyond just the advertised interest rate. Factor in all the fees, the speed of their closing process, and the quality of their customer service. A little comparison shopping can save you a significant amount of money over the life of your loan.

Wrapping It Up

So, as December 2025 wraps up, it's clear that refinancing your mortgage is still a smart move for many homeowners looking to save money or adjust their loan terms. While rates might not be at their absolute lowest, there are still good options out there if you do your homework. We've looked at some of the top companies that stand out for their rates, speed, and overall customer experience. Remember, the best lender for you really depends on your specific situation, so take the time to compare offers, understand all the costs involved, and choose the company that feels like the right fit. Happy refinancing!

Frequently Asked Questions

Why would someone want to refinance their mortgage?

People refinance their mortgage for a few main reasons. They might want to get a lower interest rate to save money each month, or maybe they want to change the length of their loan. Some people refinance to switch from a loan with a rate that can change to one with a steady rate, or even to take out cash from their home's value.

What are the typical costs involved in refinancing?

Refinancing usually comes with costs, similar to when you first got your mortgage. These can include things like appraisal fees to check your home's value, application fees, and legal costs. Sometimes, you might also pay a penalty if you're ending your current mortgage early.

How does refinancing affect my credit score?

When you apply to refinance, lenders will do a 'hard inquiry' on your credit report. This can cause your credit score to drop a few points temporarily. However, if you make your new mortgage payments on time, it can help your score go up over time.

Can I refinance if my credit score isn't perfect?

Yes, you might still be able to refinance even if your credit score isn't the highest. Some lenders specialize in working with borrowers who have lower credit scores or have had past financial troubles. It might mean a slightly higher interest rate, but it's often still an option.

Is it always a good idea to refinance to save 1% on my mortgage rate?

Saving 1% on your mortgage rate can definitely lower the amount of interest you pay over time. But, you need to look at the total cost of refinancing, including fees and penalties. If those costs are high, it might take a long time to actually start saving money, so it's important to do the math.

What's the difference between refinancing with a new lender versus my current one?

Refinancing with your current lender might be simpler and could save you some fees. However, a different lender might offer you a better interest rate or more favorable loan terms. It's worth shopping around to see who can give you the best deal for your situation.