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Best Mortgage Refinance Companies in Irvine

2024

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Providers

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Website
2100 Main Street, Irvine, CA 92614
  • NMLS #: 39166

Why choose this provider?

First Centennial Mortgage is a residential mortgage lender that provides mortgage refinancing services to clients in Irvine. It offers a selection of loan products to homebuyers and homeowners, including conventional loans, jumbo loans, VA home loans, USDA loans, FHA loans, and fixed-rate mortgage loans. The family-owned company was founded by Steven and David McCormick. It was chosen as one of the top 100 mortgage companies by Mortgage Executive Magazine and one of the companies that posted significant growth in the U.S. by Inc. Magazine.

License Verified:

License: 132763

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.
4.0
Facebook
4.9 / 5 (2)
Yelp
3.0 / 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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
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Website
555 Corporate Drive, Ladera Ranch, CA 92694
  • Reverse Mortgages
  • NMLS #: 39166

Why choose this provider?

Ladera Lending is a full-service mortgage banking company that has been serving the Irvine area since 1996. The firm's loan officers work with individuals who are interested in refinancing their current mortgage to achieve financial goals. They assist clients in the entire process, from origination to funding. Ladera Lending provides refinance options that allow homeowners to convert an ARM to a fixed-rate mortgage, lower interest rates, and eliminate mortgage insurance. It also offers opportunities for clients to change loan terms to pay for other obligations.

License Verified:

License: 835555

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.
4.2
Yelp
4.0 / 5 (234)
Facebook
4.9 / 5 (70)

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
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Website
6789 Quail Hill, Irvine, CA 92603
  • NMLS #: 39166

Why choose this provider?

Westpark Loans has been providing home loan products to Irvine residents since 2007. The company assists clients through the processes of documentation and explains fees and credit history requirements. It offers refinancing options for individuals interested in shortening their loan terms to build greater equity, as well as those seeking to convert an ARM to a fixed-rate mortgage or lower their interest rates. Westpark Loans also works with homeowners who need to cash out on some of their home's equity to cover other expenses.

License Verified:

License: 282643

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
Yelp
5.0 / 5 (22)

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
2755 Bristol Street, Costa Mesa, CA 92626
  • Reverse Mortgages
  • NMLS #: 39166

Why choose this provider?

Kevin Rudrud is the branch manager for LendUS, assisting clients with a full range of home loan needs. Since starting his career in 2002, he has been offering home mortgage refinance services in the Irvine area. He runs his business through three simple principles: communicate proactively, close accurately, and close on time. Some of LendUS's services that Kevin Rudrud helps clients with are conventional loans, FHA loans, VA loans, and jumbo financing. Rudrud also donates a portion of every closed transaction to the Orangewood Children’s Foundation.

License Verified:

License: 335381

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
Yelp
5.0 / 5 (28)

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
1238 Puerta Del Sol, San Clemente, CA 92673
  • Reverse Mortgages
  • NMLS #: 39166

Why choose this provider?

LifeSource Mortgage has been providing home loan options to Irvine homeowners for more than 14 years. The company's refinance options allow homeowners the opportunity to eliminate mortgage insurance or change the loan's terms. It also provides its clients with lower-interest mortgage alternatives as well as conversions from ARMs to fixed-rate loans. Other refinance solutions include paying off high-interest debt with some of the home's equity. Additionally, the company works with homebuyers to finance their purchases through a wide variety of programs.

License Verified:

License: 321759

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
Yelp
5.0 / 5 (45)

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
18022 Cowan, Irvine, CA 92614
  • Reverse Mortgages
  • NMLS #: 39166

Why choose this provider?

ALT Financial is a full-service mortgage refinance company that serves Irvine residents and the surrounding areas. The company's mortgage experts guide clients in choosing the type of loan that best suits their needs. They offer a variety of loans, such as fixed mortgage, ARM, commercial, VHA, FA, and jumbo loans. They also deal with reverse mortgages, which are for homeowners 62 years and older, as well as hard money loans, an asset-based loan financing option.

License Verified:

License: 285120

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
Yelp
4.5 / 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
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Website
23120 Alicia Parkway, Mission Viejo, CA 92692
  • NMLS #: 39166

Why choose this provider?

Broadview Home Loans Mission Viejo Branch is a family mortgage refinancing company servicing clients in the Irvine area. The company provides homeowners with refinancing programs that consolidate high-interest debt, reduce payments, and get equity. Their loan officers also provide assistance with home purchases and reverse mortgages. The company's website has mortgage payments and savings calculators for its clients. Broadview Home Loans Mission Viejo Branch has been headed by mortgage professional Chebel Mina since 2007. He has over 30 years of experience in the field.

License Verified:

License: 234418

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
Yelp
5.0 / 5 (17)
Facebook
4.9 / 5 (11)

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.
  • Is it possible for individuals with a second mortgage on their Irvine homes to refinance?

    Yes. Generally, second mortgages are settled during the refinancing process. Lenders combine the two loans into a single, new primary mortgage, resulting in a single monthly payment for Irvine borrowers. In cases where homeowners want to maintain their second mortgage without alterations, it might be possible for lenders to request that the second mortgage lender retains its secondary position, enabling the refinancing of the primary loan. This procedure, known as subordination, usually incurs a fee from the second mortgage lender.

  • What are the advantages and disadvantages of refinancing a home?

    Restructuring an existing mortgage can bring advantages to Irvine homeowners, such as decreased interest rates and monthly payments. Borrowers can potentially trim down the duration of their loans by switching from a 30-year loan to a 15-year one. However, despite the benefits, opting to refinance a residence necessitates homeowners covering closing costs again. Additionally, selecting shorter loan terms might lead to increased monthly payments.

  • In what situations might it be unwise for homeowners in Irvine to consider refinancing their existing mortgage loans?

    Refinancing may not present the most favorable option for Irvine residents who intend to relocate shortly. Swapping out an ongoing mortgage with a fresh one would not yield advantages for those homeowners who find themselves in the middle of home renovations. In cases where borrowers have owned their homes for fewer than 10 years, opting for a refinance might not be attractive unless the offered interest rate significantly reduces their present rate.

  • How much will it cost for an Irvine homeowner to refinance?

    Starting with an application fee that ranges from $250 to $350, Irvine homeowners might also be required to cover an origination fee, usually around 1% of their loan value. Generally, borrowers face similar expenses to those of their existing home loan, covering costs for title searches, title insurance, and lender fees. The cumulative expenditure could potentially reach 2–3% of the loan amount.

  • What are the risks associated with refinancing an existing mortgage in Irvine?

    Refinancing involves replacing an Irvine homeowner's existing mortgage with a new one, but improved terms in the new loan contract are not assured. Consequently, the homeowner must meticulously engage in discussions, settle details, and complete the procedure for a new real estate loan. Evaluating the advantages and disadvantages of mortgage refinancing is also complex, necessitating homeowners to seek assistance from a lawyer or a Realtor.

  • 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.