The simplest way to refinance is to find a broker and let them do the hard work for you. Before you settle on one, do a little checking on what the current interest rates for home loans are in your area and perhaps get a few online quotes. these quotes are free of charge and no obligation, but they will give you a great snapshot of who’s offering the best rates in your area and should be a great indicator of where you’ll get the best deal – point your broker towards these lenders.
If your credit has worsened since you initially took out the loan you may find it difficult to refinance at all, and if you do you may have to take out PMI to do so. This can quickly erode any benefits you may achieve from a lower interest rate, so if you have bad credit you’ll probably want to look for a specialist bad credit lender or avoid refinancing.