Best Mortgage Refinance Companies in Fayetteville

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Generations Bank logo
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License: 766671

Nationwide Multistate Licensing System and Registry

Generations Bank

1450 East Zion Road, Fayetteville, AR 72703
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  • New Construction

Business Description

Generations Bank delivers home lending solutions to the people of Fayetteville and nearby areas. It provides a variety of financing choices, including the Home Affordable Refinance Program, which is available to homeowners seeking a reduced interest rate on their existing mortgages. Through refinancing, clients may also cash out their home equity for different uses, including paying off debt, going on vacation, and improving their homes. The company's loan team assists in assessing options and choosing the most appropriate loan package for each borrower.

License Verified:

License: 766671

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.
4.7
Facebook
4.7 / 5 (49)
Google
4.8 / 5 (4)
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Generations Bank

Sherrell Mortgage Team logo
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License: 2975

Nationwide Multistate Licensing System and Registry

Sherrell Mortgage Team

2910 S Walton Blvd, Bolte Acrer, Bentonville, AR 72712
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  • New Construction

Business Description

Sherrell Mortgage Team has been serving borrowers in Fayetteville since 2003. It offers different types of refinance loans, catering to clients looking to reduce interest rates, shorten mortgage terms, or take cash out from home equity. The brokerage also provides rehab refinancing loans for clients who need to fund home remodels or repairs. Each of Sherrell Mortgage Team's loan officers has more than 15 years of experience in the industry. Together, they funded $1.6 billion worth of loans in 2020.

License Verified:

License: 2975

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 (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.
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Sherrell Mortgage Team

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Frequently Asked Questions

What should you expect when refinancing a mortgage?

When refinancing a mortgage, expect to answer a lot of questions and provide documentation to back up your answers. You'll may also pay fees and closing costs of around $5,000. Additionally, expect to start over in terms of building home equity, because refinancing takes the amortization process back to the beginning.

How often should you refinance your mortgage?

There is no recommended frequency for refinancing a mortgage. How often you should refinance is determined by when it will save you money. If you can get better terms on your mortgage by refinancing, then it’s a good time to take action.

Can you refinance a first mortgage and not a second?

You can refinance your first mortgage and not the second one, but it can be difficult. You have to get the lender of your second mortgage to agree to the refinancing. The process is called resubordination, and some home equity lenders won’t agree. Additionally, lenders typically charge extra fees to resubordinate a loan.

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