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Best Mortgage Refinance Companies in Hoover

2024

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Providers

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Website
204 Griffin Park Drive, Birmingham, AL 35242
  • Reverse Mortgages

Why choose this provider?

SMG Mortgage serves clients throughout Hoover. The company assists homeowners through the refinancing process. It helps them fulfill a variety of financial goals, ranging from lowered interest rates to decreased monthly payments. It also has experience advising homeowners in refinancing from an adjustable-rate mortgage to a fixed-rate loan. Its team provides other solutions for individuals seeking to obtain properties, including FHA and VA loans. The company has been in the industry for more than a decade.

License Verified:

License: 221195

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Google
4.2 / 5 (26)
Facebook
5.0 / 5 (13)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
700 Montgomery Hwy., Vestavia Hills, AL 35216
  • New Construction

Why choose this provider?

Austin Parker is a Movement Mortgage-affiliated loan officer serving clientele throughout Hoover. Austin helps homebuyers and mortgagors apply for and acquire various mortgage solutions, such as FHA or conventional loans, and customized refinancing options. For clients interested in his selection of refinancing options, Austin assists them in choosing from and applying for refinances geared toward benefits ranging from lower monthly payments to cash. Austin's parent company, Movement Mortgage, also supports communities by building public charter schools under its Movement Schools network.

License Verified:

License: 1441391

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.0
Facebook
3.0 / 5 (837)
Google
4.0 / 5 (13)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
One Perimeter Park South, Suite 100 N, Birmingham, AL 35243
  • New Construction

Why choose this provider?

Diversified Mortgage helps borrowers in the Hoover area identify the loan option that will meet their home needs. The mortgage company offers jumbo, conventional, FHA, and reverse loan options at fixed or adjustable rates. It also caters to the financing needs of builders and developers to help them start their construction projects. Diversified Mortgage utilizes a rate tracker service that clients can use that informs them when the rates arrive at an ideal level that suits their financial situation.

License Verified:

License: 219767

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Website
1442 Montgomery Highway Suite 200, Birmingham, AL 35216
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Mr. Mortgage Ambassador serves individuals and families throughout the Hoover community. It offers different loan options, such as FHA, USDA, VA, and conventional, to help clients purchase homes suitable for their needs, goals, and budgets. The team assists homeowners in applying for a mortgage refinance solutions to obtain funds for their home renovation or change the rates of their terms. New construction loans are also available. Its founder, Jay Clyce, holds a degree in Commerce and Business Administration.

License Verified:

License: 1174427

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (11)

Website
3144 Cahaba Heights Road, Birmingham, AL 35243
  • New Construction

Why choose this provider?

Birmingham Mortgage Group has been offering custom financing solutions to residents in and around Hoover since 2018. It assists clients looking to refinance existing loans or secure home purchase loans. Its team works with clients throughout the entire process, utilizing its relationships with local title companies, appraisers, and closing attorneys. Co-founder Mark Achuff has worked for small regional banks, large national lenders, and boutique brokerages. In 1998, his father suggested that he enter the mortgage industry, since he is passionate about real estate and helping people.

License Verified:

License: 1311446

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (37)
Facebook
5.0 / 5 (10)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
601 Vestavia Parkway, Suite 300, Birmingham, AL 35216
  • Reverse Mortgages
  • New Construction

Why choose this provider?

Method Mortgage serves clients across the Hoover community and the neighboring areas. It guides individuals in refinancing their current mortgage loans to fit their budget or decrease their monthly payments. It also offers an online mortgage calculator tool to help clients compare their loan options and choose a program suitable for their home purchasing needs or mortgage refinancing goals. The company's founding partner, Adam Stoffregen, has been helping clients reach their financial goals for over two decades.

License Verified:

License: 85408

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
5.0 / 5 (23)
Facebook
4.7 / 5 (15)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
100 Concourse Pkwy Suite 130, Hoover, AL 35244
  • Reverse Mortgages

Why choose this provider?

Valerie Barnett Springer is a residential loan officer and branch manager at Benchmark Mortgage. She accommodates first-time homebuyers, veterans, and real estate investors in Hoover and its nearby communities. Springer assists clients throughout the process of home buying, refinancing, and selling process. She has been working in the mortgage trade for more than 20 years. Benchmark Mortgage has helped over 100,000 clients acquire their property. It also has an in-house marketing team that provides print content, website design, and one-on-one marketing coaching.

License Verified:

License: 198479

Nationwide Multistate Licensing System and Registry

Website
2131 Data Office Dr. Suite 240, Birmingham, AL 35244

Why choose this provider?

Mortgage Linc helps with the refinancing needs of reverse mortgage borrowers in Hoover. It offers HECM and HECM for purchase loans and works with six different lenders to provide clients with different programs for their needs. It also helps individuals become debt-free by teaching them how to manage their finances. The company's reverse mortgage specialist, Mike Giles, strives to streamline the mortgage process by guiding clients every step of the way, from initial consultation to appraisal to underwriting and closing.

License Verified:

License: 203649

Nationwide Multistate Licensing System and Registry

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
2 Office Park Cir #103, Birmingham, AL 35223
  • New Construction

Why choose this provider?

McGowin-King Mortgage has refinancing and loan choices for house buyers in Hoover. It delivers reverse mortgages fit for elderly members of the general public and specialized options tailored for builders and renovators. The crew rearranges current obligations into more manageable forms. It also maintains secure online portals to facilitate transactions with minimal need for in-person interactions. McGowin-King Mortgage, founded in 1998, is an independent company that uses the most current technologies to facilitate its processes.

License Verified:

License: 177691

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
4.9 / 5 (127)
Facebook
5.0 / 5 (56)
Yelp
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
2007 Eagle Ridge Drive, Birmingham, AL 35242
  • Reverse Mortgages

Why choose this provider?

Mortgage Banc is a company offering services to clients who want a stable environment for their families in Hoover. Its loan officer Steve Niven is a certified mortgage planner who offers mortgage refinancing advice that could lower clients' monthly payments, shorten loan terms, allow clients to get cash from equity, and pay off higher-interest debt. Aside from refinancing, the company is also skilled in handling mortgage lending, construction loans, banking, credit analysis, and sales. Steve Niven is a loan officer from Fairway Independent Mortgage Corporation and has a BS focused on Engineering from the University of Alabama in Birmingham.

License Verified:

License: 277327

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
1 Perimeter Park South, Suite 230 South, Birmingham, AL 35243
  • New Construction

Why choose this provider?

MortgageRight caters to clients in Hoover who seek refinancing and loan products. These choices include conventional mortgages with terms ranging in length from a decade to four. Its team assists clients in applying for USDA-backed plans, which are fit for players in the agricultural sector. Reverse options tailored to the needs of senior citizens are available, and the crew also refinances existing obligations. MortgageRight operates in over 20 states and has resources and calculators on hand to educate clients on the basics of house purchases.

License Verified:

License: 2239

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.8 / 5 (268)
Facebook
4.9 / 5 (84)
Yelp
4.5 / 5 (17)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
2080 Valleydale Rd Ste 9, Hoover, AL 35244
  • Reverse Mortgages

Why choose this provider?

Nu Source Lending Mortgage Corporation has been serving home buyers and homeowners in the Hoover community since 2007. It assists borrowers looking to refinance a current mortgage to access cash or change loan terms. It offers conventional, FHA, USDA, and non-traditional loan types, including mobile home financing and delayed financing for investors. Additionally, it helps individuals over the age of 62 with reverse mortgages. It is connected to a network of lenders that allows for various loan options.

License Verified:

License: 189390

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Frequently Asked Questions

  • Introduction

    Refinancing a mortgage can be a complicated process, and hiring a mortgage refinancing broker can make it simpler and faster. There are several things you can do to protect your interests and help your broker complete the process for you.

    Check a potential broker’s online reviews to find one with a good reputation. In addition to the opinions of past clients, check to see if a broker has an online portfolio, which can support the reviews you find from past clients to show a broker’s trustworthiness. This can also help you establish if a broker has handled financing for properties similar to yours.

    Get a written summary of a broker’s rates before committing so you know exactly what hiring your chosen mortgage refinance broker will cost. Find out which lenders work with your broker and what information they need to successfully refinance your mortgage.
  • Do borrowers need to pay tax for the money they received in a cash-out refinance in Hoover?

    No. Borrowers are not required to pay tax for the money they received in a cash-out refinance in Hoover, per The 2018 IRS document relating to US tax regulations, since the fund is considered a percentage of the loan repayment. In addition, the owner may be eligible for an income tax exemption depending on the current COR interest rate if the COR funds are utilized to enhance renovations of an existing or new structure.

  • Where can borrowers in Hoover use the funds that they receive from a cash-out refinance?

    Individuals who opt for a cash-out refinance in Hoover can utilize the obtained funds for various purposes, including starting home renovation projects, funding higher education expenses, and consolidating their outstanding debts. This financial option is suitable for borrowers who meet the eligibility criteria, which include having a substantial amount of equity built up in their homes.

  • When is it not ideal to refinance a mortgage in Hoover?

    It is not ideal to refinance a loan in Hoover if:

    • Borrowers have poor credit ratings because they may face difficulty locating lenders willing to work with them.
    • Borrowers lack the funds necessary to make payments and cannot afford closing charges.
    • Borrowers are moving soon because they may incur closing expenses of up to 5% and end up losing money.
  • Who qualifies for a mortgage refinance program in Hoover?

    An individual may qualify for a mortgage refinance loan in Hoover if they possess a consistent and sufficient income, maintain a debt-to-income ratio of 35% or lower, and if property values within their vicinity have remained stable over the past year. People with equity in their homes are also eligible to apply for a refinance program.

  • How does refinance mortgage help borrowers in Hoover?

    Refinancing helps borrowers in Hoover in different ways:

    • Shortens the loan term to speed up the completion of the mortgage.
    • Lowers the recurrent payment to move closer to other financial goals.
    • Obtains a better interest rate to save money.
    • Replace loan payments with a more dependable monthly rate to stabilize loan payments.
  • How do you refinance a mortgage?

    Decide why you’re refinancing, such as to get a lower interest rate, pay off your loan faster, or to get a lower monthly payment. Share your credit information with your broker along with information about the equity you have in your home. Review your mortgage refinance broker’s quotes and choose the best loan terms.