Expertise.com

Best Mortgage Refinance Companies in San Jose

Laurels
Laurels

We did the research for you!

Learn more
  • checkboxLicensing
  • checkboxUser Reviews
  • checkboxMystery Shopping Calls

Mortgage Refinance Companies FAQs

Learn more
101 Loan logo
Visit WebsiteWebsite

License Verified:

License: 121019

Nationwide Multistate Licensing System and Registry

101 Loan

6020 Hellyer Avenue, San Jose, CA 95138
Visit WebsiteWebsite
  • Construction
  • Reverse Mortgages
  • Residential
  • Commercial Financing

Business Description

101 Loan is a San Jose-based mortgage company with over 30 years of experience. Among its services is mortgage refinancing, which aids clients to reduce their existing mortgage interest rates and redefine terms. Having access to some of the leading lenders in the country, 101 Loan provides customized refinancing programs based on the client's financial profile, long-term goals, and short-term needs. The loan process is simplified, which only includes an online application, provision of loan options, and choosing the program.

License Verified:

License: 121019

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 (140)
Google
5.0 / 5 (26)
Facebook
4.7 / 5 (14)
C2 Financial Corporation logo
Visit WebsiteWebsite

License Verified:

License: 135622

Nationwide Multistate Licensing System and Registry

C2 Financial Corporation

1250 Aviation Avenue, San Jose, CA 95110
Visit WebsiteWebsite
  • Reverse Mortgages
  • New Construction

Business Description

C2 Financial Corporation is a mortgage refinance company that serves clients in San Jose and nearby areas. The business helps individuals in choosing the right mortgage loans with the best interest rates. Its team of mortgage specialists handles a wide range of loan programs such as the FHA, VA, jumbo, conventional, and specialty options. The company is led by Shawn Sidhu, a mortgage broker who has also been working as the branch manager since 2011.

License Verified:

License: 135622

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 (118)
Google
4.9 / 5 (97)
Direct Mortgage Funding logo
Visit WebsiteWebsite

License Verified:

License: 150052

Nationwide Multistate Licensing System and Registry

Direct Mortgage Funding

3190 S. Bascom Avenue, Suite #100, San Jose, CA 95124
Visit WebsiteWebsite

Business Description

Direct Mortgage Funding is a full-service firm offering purchase, refinancing, and construction loans in San Jose. It has been helping individuals and property owners find the appropriate loan options for their needs since 1996. The lending officers help clients decide on different programs, including FHA, VA, and apartment mortgages. The company's mortgages can also be fixed-term, adjustable-rate, and periodic-fixed. The bank assists individuals 62 years and up with reverse mortgages, which are designed specifically for seniors.

License Verified:

License: 150052

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
InstaMortgage Inc. logo
Visit WebsiteWebsite

License Verified:

License: 01857474

Nationwide Multistate Licensing System and Registry

InstaMortgage Inc.

1245 South Winchester Boulevard, San Jose, CA 95128
Visit WebsiteWebsite
  • Reverse Mortgages
  • Commercial Loans
  • Multi-Family Loans

Business Description

InstaMortgage Inc. is a tech-focused mortgage lender that serves clients in the San Jose metro. It helps its clients secure better financing for their homes and offers mortgage programs, including VA, FHA, jumbo, and conventional loans. It has invested in specialized technology such as robotic process automation, intelligent automation, optical character reading, and artificial intelligence to provide clients with faster mortgage processing time. Its founder and CEO, Shashank Shekhar, is an author and has been published in Forbes, Inc, Housing Wire, and Huffington Post.

License Verified:

License: 01857474

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 (201)
Facebook
4.7 / 5 (27)
Loan Factory logo
Visit WebsiteWebsite

License Verified:

License: 1287941

Nationwide Multistate Licensing System and Registry

Loan Factory

2195 Tully Road, San Jose, CA 95122
Visit WebsiteWebsite
  • Reverse Mortgages
  • New Construction

Business Description

San Jose-based Loan Factory is a mortgage refinance company founded by mortgage broker Hoa Do. The company works closely with home buyers, sellers, and commercial clients. Its refinancing services help clients save money, turn property equity into cash, and buy new properties with a convenient online loan process. The company provides custom real-time rate quotes from various lenders. Do was named Top 20 Mortgage Broker by Rocket Pro TPO at the 2020 Rocket Awards.

License Verified:

License: 1287941

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 (3)

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
Loan Factory - CA-San Jose logo
Visit WebsiteWebsite

License Verified:

License: 320841

Nationwide Multistate Licensing System and Registry

Loan Factory - CA-San Jose

2195 Tully Road, San Jose, CA 95122
Visit WebsiteWebsite
  • Reverse Mortgages

Business Description

Loan Factory is a mortgage broker company with licenses in different locations, including its headquarters in San Jose. Connected to a wide network of lenders, Loan Factory covers new mortgage loans and refinancing an existing mortgage. As part of its loan process, the company provides customized, real-time rate quotes, rate movement updates, and extensive rate comparisons from different lenders. Scottman Guide has recognized the company as one of the Top Originators for three consecutive years since 2019.

License Verified:

License: 320841

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 (581)
Facebook
5.0 / 5 (136)

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
Pacificwide Business Group Inc. logo
Visit WebsiteWebsite

License Verified:

License: 320600

Nationwide Multistate Licensing System and Registry

Pacificwide Business Group Inc.

3005 Silver Creek Road, San Jose, CA 95121
Visit WebsiteWebsite
  • Reverse Mortgages

Business Description

Pacificwide Business Group Inc. is a property management and refinancing company based in San Jose. It provides conventional mortgages with terms reaching seven years, along with FHA loans and REFI plus loans available to those with a FICO score of 680 and above. Freddie Mac loan program that provides a one-year tax return for those self-employed individuals, as well as cash-it home loan for home investments. It aids residential and commercial property owners in listing and selling single-family homes, condominium units, and commercial units.

License Verified:

License: 320600

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

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
The Mortgage Outlet logo
Visit WebsiteWebsite

License Verified:

License: 1609505

Nationwide Multistate Licensing System and Registry

The Mortgage Outlet

200 North Almaden Boulevard, San Jose, CA 95110
Visit WebsiteWebsite
  • Reverse Mortgages

Business Description

Whether clients are looking into purchasing or refinancing mortgage loans, the advisors at The Mortgage Outlet are knowledgeable in various loan options. They can assist San Jose residents with conventional, jumbo, VA, and FHA programs. They work with clients through the entire process, covering the stages of submitting applications, underwriting, processing, and closing. The Mortgage Outlet's team provides round-the-clock assistance via email and phone. Benjamin Greer, its branch manager, has been working in the industry for a decade.

License Verified:

License: 1609505

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
4.8 / 5 (57)
Facebook
5.0 / 5 (3)

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
Todd Flesner logo
Visit WebsiteWebsite

License Verified:

License: 238044

Nationwide Multistate Licensing System and Registry

Todd Flesner

1100 Lincoln Avenue, Suite 251, San Jose, CA 95125
Visit WebsiteWebsite
  • New Construction

Business Description

Todd Flesner is loan professional offering solutions to the real estate financing needs of San Jose. Flesner and his team advise homebuyers in choosing from a variety of loan programs, such as jumbo loans, fixed-rate mortgages, and FHA government loans. They provide clients with up-to-date market information, answer their mortgage questions, and guide them throughout the loan process. Flesner is affiliated with Flagstar Bank. He previously served in several local organizations, including the president of the Milpitas Rotary Club.

License Verified:

License: 238044

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 (11)
Facebook
5.0 / 5 (6)

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
Back to Providers

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.

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.

How does mortgage refinance work?

The mortgage refinance process begins with choosing a broker and filling out loan application information. The process continues through underwriting and closing. The new mortgage is then used to pay off and close your original mortgage loan. This leaves you with a new loan and mortgage payment to manage each month.

When should you refinance a mortgage?

If your credit score has improved or mortgage interest rates have dropped, refinancing can potentially save you money. Other reasons to refinance your mortgage include getting a fixed rate instead of an adjustable one or getting a shorter loan term. An increase in your home’s value that can let you access more equity is another reason to refinance.

How much does it cost to refinance a mortgage?

The average cost to refinance a mortgage is $5,000. This amount varies, based on the state and county where the property is located and the loan amount. Common fees incurred when refinancing a mortgage include:

  • Appraisal fee
  • Broker’s fee
  • Credit check fee
  • Loan application fee
  • Recording fee
  • Title search and insurance fee

How soon can you refinance a mortgage?

Some lenders make borrowers wait a minimum of six months before accepting a new mortgage refinancing application. However, when that happens, borrowers can check with other lenders to find one that doesn’t require a wait before refinancing. A mortgage refinance broker can guide you to lenders that allow immediate refinancing.

How long does it take to refinance a mortgage?

The average amount of time it takes to refinance a mortgage is 45 days. In some cases, it may be possible to get it done faster. There also may be times when it takes longer to get a mortgage refinanced.

What is the average closing cost to refinance a mortgage?

The average closing cost when refinancing a mortgage is $4,345. Closing costs may be much higher or lower depending on the amount of money borrowed. If you see an ad that says there are no closing costs, the costs are factored in elsewhere in the terms of the loan.

How often can you refinance a mortgage?

You can refinance a mortgage as often as you like, however, if you refinance frequently, it can cost more in fees than you save on interest. Some reasons for refinancing repeatedly include a sharp drop in interest rates or going through a life event, such as a divorce.

When is it worth it to refinance a mortgage?

It’s worth it to refinance when interest rates drop and refinancing will save you money. It also may be worth refinancing if you need to access some of your home’s equity to cover other expenses. Refinancing may be worthwhile if you're switching from a variable to a fixed rate mortgage.

Can you refinance a mortgage with no closing costs?

You can refinance a mortgage without paying closing costs at the time. However, those costs are still owed and are factored in elsewhere in the financing. Lenders either add the costs to the principal owed or increase the interest rate on your refinanced mortgage loan.

Can you refinance a home equity loan into a mortgage?

You can refinance a home equity loan into a mortgage in some situations. You have to have excellent credit to do this. Additionally, you must have enough equity in your home to qualify for a new mortgage that pays off the existing mortgage and your home equity loan.

Can you refinance a mortgage without a job?

In some situations, you can refinance your mortgage if you don't have a job. It depends on the lender, because some will allow it and others won’t. A qualified mortgage refinance broker can help connect you with lenders that consider your situation. You have to submit documentation about your unemployment and the income you have.

Can you refinance a mortgage with bad credit?

It’s possible to refinance a mortgage if you have bad credit. If your payment record with your current lender is good, you can discuss refinancing with that lender. You may also be able to refinance a mortgage by going through a government-backed lender, such as the USDA or FHA.

Can you refinance a second mortgage?

It’s possible to refinance a second mortgage. If your credit score improves or interest rates drop, refinancing a second mortgage may save you money. Either of these situations can provide a way for you to get a lower interest rate. Refinancing a second mortgage can also sometimes shorten your loan repayment period.

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.

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.

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.

Read all FAQs