If you are a home owner looking for a mortgage refinance rate for today keep in mind most advertised mortgage refinance rates today have assumptions that many borrowers do not qualify for.

One of these assumptions is your ability to document your income and assets. To expand further, you will have to provide pay stubs, 2 years of W2s, bank statements to verify you income, employment and cash reserves.

Many of the advertised mortgage refinance rates that you see advertised are based on consumers having a 20% down payment or having at least 20% worth of equity in your home. These advertised mortgage rate refinances usually require a credit score of 720 plus in addition to the 20% worth of equity that is needed in order to qualify. Therefore, it is important to obtain a free mortgage rate refinance quote today from a mortgage professional in order to see what rate you actually qualify for.