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2024

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Best Mortgage Refinance Companies in Santa Monica

Our Recommended Top 7

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Santa Monica Mortgage Refinance Companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

52

Reviewed

34

Curated

7

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
14724 Ventura Blvd Suite 775, Sherman Oaks, CA 91403
  • Multi-Family Loans

Why choose this provider?

Vaneh Hartouni is a mortgage loan originator who caters to clients in Santa Monica and nearby areas. He helps individuals realize their homeownership dreams by offering mortgage refinancing options. These allow them to consolidate debts from credit cards, convert their ARMs to a fixed-interest rate mortgage, lower their interest rates and monthly payments, make investments from the cash proceeds, and purchase other properties. Hartouni is affiliated with Option One Lending, which has been in business since 2004.

License Verified:

License: 1972071

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 (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
6820 LaTijera Blvd, Los Angeles, CA 90045
  • New Construction

Why choose this provider?

Alston and Associates Mortgage Company serves clients throughout Santa Monica. This company provides a vast range of mortgage programs, such as mortgage refinancing loans. It helps homeowners who want to obtain lower monthly payments or cashout equities in selecting a refinancing loan product that meets their needs. Its team also offers loan programs for new homebuyers, including conventional, FHA, USDA, VA, and non-QM loans. Clients can apply for a loan program through the company's website.

License Verified:

License: 353224

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 (13)
Google
5.0 / 5 (1)
Yelp
5.0 / 5 (1)

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
1854 Hillhurst Ave., Los Angeles, CA 90027
  • Reverse Mortgages

Why choose this provider?

Riley Home Mortgage is a real estate brokerage company that offers customized solutions, along with quotes and rates. It tailors its products for prospective homeowners' needs in Santa Monica. The team provides refinancing, jumbo loans, 30-year fixed mortgages, and 15-year fixed mortgages as loan options and makes use of calculators, financial tools, and safe internet programs. Riley Home Mortgage also aids its clients who are undergoing the loan application process and advises them on how to navigate the loan choice.

License Verified:

License: 2024456

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 (66)

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
13107 Ventura Blvd. Ste. 210, Studio City, CA 91604
  • New Construction

Why choose this provider?

The Mortgage Source, Inc., helps the people of Santa Monica with mortgage refinancing. It is a boutique mortgage broker that has been specializing in single-family homes and two- to four-unit properties since 1992. The president of the firm, Victor Benoun, has over 36 years of lending experience. He strives to make the home buying and refinancing process easier for clients by giving them access to tools and resources that will help them estimate their mortgage payments.

License Verified:

License: 356705

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 (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
2824 South Robertson Boulevard, Los Angeles, CA 90034
  • Reverse Mortgages

Why choose this provider?

Equitable Lending provides home financing solutions to clients in and around Santa Monica. It works with individuals and families who wish to refinance their existing mortgages to adjust loan rates or term lengths. A refinance program also lets borrowers cash out equity, which they can use to pay off debts or renovate homes. The company's professionals advise and assist loan applicants through the borrowing procedures, from asset and income verification to paperwork processing and loan closing.

License Verified:

License: 1124483

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 (54)

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
Santa Monica, CA
  • New Construction

Why choose this provider?

Private Money Solutions serves the locals of Santa Monica and the surrounding areas. It provides mortgage refinancing services in the form of hard money lending based on the equity of the property. Clients whose credit scores are too low for bank programs, whose tax returns do not qualify them for a bank loan, and those who need to close quickly are catered to by its professionals. Private Money Solutions is a family-owned business that has funded over $1 billion in loans since 2001.

License Verified:

License: 364405

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 (10)
Yelp
5.0 / 5 (5)

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 Wilshire Blvd Ste 700, Santa Monica, CA 90401
  • New Construction

Why choose this provider?

Since its inception, Westside Mortgage Group has closed mortgages on behalf of over 300 clients in Santa Monica and the surrounding communities. In addition to assisting first time home buyers in purchasing residences and investment properties, the company helps homeowners to refinance their existing mortgages. Its products include FHA loans, interest-only mortgages, jumbo loans, and adjustable-rate mortgages. Owner and mortgage broker Brian Guth has over 20 years of experience in the real estate investing and finance industry.

License Verified:

License: 1799965

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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
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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.
  • What are the common reasons people in Santa Monica consider mortgage refinancing?

    In Santa Monica, refinancing motivations vary, often driven by seeking money-saving opportunities such as lower interest rates or shortened loan terms. Converting adjustable loans to fixed ones or consolidating debts are also reasons. To assess potential savings, calculate total refinance costs and monthly savings, then divide total costs by monthly savings to find the "break-even" point.

  • Are mortgages refinanced through brokers in Santa Monica more affordable?

    In Santa Monica, brokers offer budget-friendly mortgage solutions compared to other alternatives. Brokers leverage their access to various financial institutions, often finding superior rates. Their extensive lender network and commission-based motivation drive them to secure the best deals. They also explore different loan types that may offer lower rates and require less down payment, leading to long-term savings.

  • What are some effective strategies for early mortgage payments in Santa Monica?

    Refinancing in Santa Monica from a 30-year term to shorter ones like 20, 15, or 10 years is a swift method, enabled by lower rates. This maintains manageable monthly payments. As income grows due to job changes or raises, one can increase quarterly or monthly payments without financial stress. Windfalls like tax refunds or gifts can also be allocated to the mortgage, substantially reducing the owed amount and potentially leading to an earlier mortgage payoff than expected.

  • How long does the refinancing process usually take in Santa Monica?

    Refinancing takes around 30 to 45 days to complete in Santa Monica. While you can apply and gain approval swiftly, the exact duration varies. Third-party services like appraisals and inspections might cause delays. The timeline for your mortgage refinance depends on factors like property size and financial complexity, making it either longer or shorter than the average timeframe.

  • Is it better to refinance your mortgage with a broker in Santa Monica?

    In Santa Monica, a mortgage broker offers access to a broader range of lender sources, expanding options for ideal lender matches. Brokers simplify processes by collaborating with multiple lenders, reducing stress and saving time. Conversely, banks provide limited loan choices and may require alternative lenders if criteria aren't met. Brokers excel in advocating on your behalf across various lenders to optimize results.

  • 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.