Facts you to definitely dictate your financial refinance speed Numerous items normally influence an educated refinance prices you be eligible for. For-instance, if you have a credit score from 740 or even more and you can a loan-to-well worth proportion away from 80% or down, you may be qualified to receive a decreased refinance loan rates offered. Because of the maintaining strong financial fitness, you can replace your odds of securing the least expensive re-finance prices. Credit score Your credit score the most tall situations in the choosing your re-finance rates. Lenders normally provide the lowest refi pricing in order to individuals which have borrowing many 740 or higher. If your credit score is lower, you might still be eligible for refinancing, however could be provided highest interest rates. Loan-to-worth ratio (LTV) Their LTV ratio compares your loan add up to your own house’s worth. A reduced LTV proportion ways so much more collateral of your home, that will help you safe better refinance rates, specifically toward a first quarters. Lenders fundamentally choose an LTV proportion off 80% otherwise all the way down for the best re-finance rates.