Your credit score will play a big role in what rate you get. Here’s how to boost it. (iStock)

Virtually anytime you borrow money, there’s a cost for the privilege. That’s no different for mortgage loans, which you rely on during the home buying process.

Mortgage rates are generally lower than interest rates from other types of debt ⁠— but lately rates have been astonishnigly low, as the coronavirus pandemic continues to wreak havoc on the U.S. economy. The financial chaos already led the Federal Reserve to make emergency rate cuts twice since March. 

If you’re a first-time homebuyer or you simply want to better meet your financial goals, you’ll probably want to consider a mortgage refinance to save more money on your monthly payments

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