When it’s time to refinance, one of the biggest hurdles homeowners face is securing the best interest rates. With that in mind, I’ve brought you four things that you can do to set yourself up to be offered the best possible refinance rates. Read them over and discuss them with your lender to get a sense of which steps will have the biggest impact for you.

Get your credit score in shape

The biggest determining factor in what interest rates you’ll receive will undoubtedly be your credit score. Essentially, lenders use your credit score as an indicator of how likely you are to pay back larger loans. With that in mind, you should work to get your score into the best shape possible before you apply to refinance.

Improving your credit score is all about consistency. Make sure you make your payment on time, every month, and aim to pay as far above the minimum payment as possible. You should also check your check your credit report for any errors and take the time to rectify them if they are present.

Maximize your home equity

Put simply, equity is the percentage of your home that you own outright or the amount that you’ve paid down on your current mortgage. Lenders look at this number as an indicator of your investment in the property. The bigger stake that you have in owning the property, the more likely you are to pay back your refinance loan.

Typically, in order to approve you to refinance, lenders look for you to have at least 15% equity in the property. However, if you can get that number to 20% or above, you’ll open yourself up to the best refinance rates and do away with that pesky mortgage insurance requirement. If you have the cash on-hand, consider adding it towards your available equity.