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Best Mortgage Refinance Companies in New Britain

2024

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Providers

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Website
116 Washington Ave. Suite 401, North Haven, CT 06473
  • New Construction

Why choose this provider?

Chance McQueen obtains loan programs for homebuyers in New Britain tailored to their financial and personal needs. He assists borrowers seeking to change their loan terms, lower interest rates, or use their homes’ equity for cash through refinancing. Whether purchasing or refinancing homes, he offers different loan programs, such as ARM, FRM, FHA, jumbo, USDA, and VA. McQueen utilizes her over five years of experience in the finance industry to help clients throughout the homebuying process.

License Verified:

License: 193306

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 (12)

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
1331 Silas Deane Highway, Wethersfield, CT 06109
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Welcome Home Mortgage, LLC, caters to clients across New Britain and the surrounding areas. The company guides individuals who wish to refinance their existing loans to reduce their mortgage payments and interest rates. It also offers assistance to clients wanting to purchase homes using loan programs, including FHA, VA, balloon, and interest-only. One of the company's mortgage consultants, Kim Casner, has over 16 years of industry experience. Kim also serves as a certified divorce lending professional.

License Verified:

License: 2744

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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
31 Liberty St, Suite 306, Southington, CT 06489
  • New Construction

Why choose this provider?

Sensible Mortgage Solutions LLC, provides personalized loan programs to New Britain residents. It helps homeowners who want to refinance their mortgage to lower their interest rates and monthly payments, adjust their mortgage's term, or withdraw money from the equity in their home. Jeremy Hyatt, the firm's owner, started his mortgage career in 2005. Since joining the industry, he has been assisting families to reach their dream of homeownership. His company is part of the Brokers Are Better Network by The Association of Independent Mortgage Experts.

License Verified:

License: 1930800

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)
Facebook
5.0 / 5 (7)

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
110 Main Street, Manchester, CT 06042
  • Reverse Mortgages
  • New Construction

Why choose this provider?

Right Trac Financial Group has been handling the needs of residential property buyers in New Britain and the surrounding communities for more than four decades. The company provides clients with various mortgage-related services, which include working with lenders and helping clients secure various loans, such as home loans, loans for first-time homeowners, and home improvement and construction loans. Its loan officers can handle conventional, FHA, USDA, and jumbo loans. They also have experience with down payment assistance, investor cash flow loans, bank statement mortgages, and loans for teachers.

License Verified:

License: 2709

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
Facebook
4.8 / 5 (30)
Google
4.8 / 5 (20)

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
130 North Main Street, Wallingford, CT 06492
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Allied Funding Group serves New Britain homebuyers and residential property owners with loans that match their needs. Its refinancing options include FHA without an appraisal and conventional that can refinance up to 90% of the property value or be used to settle a mortgage balance greater than the property value. The company also offers other loan options, such as home equity lines of credit and private mortgages, as well as state and local housing programs. Allied Funding Group has been in the mortgage lending industry since 1996.

License Verified:

License: 107594

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 (37)

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
416 Highland Ave,, Cheshire, CT 06410
  • Reverse Mortgages

Why choose this provider?

Rapid Response Mortgage Services LLC caters to clients in New Britain and the surrounding areas. The brokerage helps individuals wishing to shorten their loan terms, gain low interest, and cash out their home's equity by applying for mortgage refinancing services. It also assists homeowners needing reverse mortgage programs. Its team members are available to help home buyers choose loans with fixed or adjustable mortgages. The company has been serving the local community for more than 20 years.

License Verified:

License: 58789

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 (15)
Google
4.9 / 5 (7)

Website
1027 Farmington Avenue, Farmington, CT 06032
  • Reverse Mortgages

Why choose this provider?

CT Liberty Mortgage caters to residents of New Britain who seek refinancing solutions and loans. The team restructures existing debts to obtain less burdensome rates that emerge subsequent to the original inking of an obligation. It also delivers FHA loans for individuals with less ideal credit scores and reverse mortgages tailored to senior citizens. CT Liberty Mortgage maintains a blog that teaches the public about real estate matters, such as market trend predictions. Owner Cara Britton spoke at the 2013 Women in Banking Conference.

License Verified:

License: 6297

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
Facebook
4.8 / 5 (32)
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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
430 New Park Avenue Suite 101, Hartford, CT 06106
  • Reverse Mortgages

Why choose this provider?

Nate Pryzbek is a loan officer affiliated with Fairway Independent Mortgage Corporation. He restructures mortgages to fit clients’ needs, such as consolidating debts, converting to a fixed-rate loan, lowering interest rates or monthly payments, shortening terms, and turning home equity into cash. The mortgage expert helps people achieve homeownership by providing tailored advice on different loan programs, which include FHA, jumbo, renovation, USDA, and VA mortgages. Pryzbek guides customers throughout the loan process, from application to closing.

License Verified:

License: 1663773

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 (44)
Facebook
4.9 / 5 (30)
Yelp
5.0 / 5 (1)

Website
59 East Hill Road, Canton, CT 06019
  • New Construction

Why choose this provider?

Ward Kilduff Mortgage, LLC, has been dealing with New Britain clients since 2006. The company advises them through the loan refinancing process and helps them fulfill financial goals like reduced interest rates or decreased mortgage terms. It modifies the terms of programs backed by different government agencies, including the USDA, FHA, and VA. The company also assists aspiring homeowners through the loan qualification process and provides loan options like conforming and super jumbo programs. Its owner, Gregory Ward, is a Certified Mortgage Planning Specialist.

License Verified:

License: 64369

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
4.8 / 5 (32)
Google
4.6 / 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
1224 Main Street, Branford, CT 06405
  • New Construction

Why choose this provider?

Gregg Pomeroy serves the mortgage needs of clients in New Britain and its surrounding communities. He provides refinancing services for a wide variety of property types, including single- and multi-family residences, condominium units, townhouses, and manufactured homes. Gregg assists customers who are looking to cash out or get better terms and rates. In addition, he offers mortgage options like USDA, FHA, VA, jumbo, conventional, and construction loans. Gregg Pomeroy has more than 17 years of industry experience.

License Verified:

License: 30461

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 (4)

Website
152 Simsbury Road, Bldg. 9, Avon, CT 06001
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Right Step Mortgage provides refinancing for residents of New Britain who seek to lower their interest rates and alter the duration of their current home loans. It offers various options, such as fixed-rate and adjustable-rate mortgages as well as jumbo, VA, and FHA loans. Its consultants compare rates and interest rates from multiple financial institutions to provide services that match the unique needs and scenarios of clients. In addition, they monitor changes in mortgage programs and market conditions to assess future risks.

License Verified:

License: 2092323

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 (9)
Facebook
5.0 / 5 (5)

Website
34 Bloomfield Ave, Windsor, CT 06095
  • Reverse Mortgages

Why choose this provider?

Horizon Home Mortgage LLC serves borrowers in New Britain and the surrounding locations. It guides homeowners throughout the refinance process, helping them borrow against the equity in their properties, switch between adjustable- and fixed-rate mortgages, decrease interest rates, and reduce their loan terms. Along with reverse, VA, and FHA mortgages, it also offers construction loans for people planning to build residential or commercial buildings. One of the company's loan officers, Ashish Desai, has more than three decades of experience in lending.

License Verified:

License: 69164

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
Facebook
5.0 / 5 (17)
Google
4.6 / 5 (9)

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
48 Meriden Rd, Suite 1, Middlefield, CT 06455
  • New Construction

Why choose this provider?

Northeast Financial is an independent company that responds to the mortgage needs of residential and commercial borrowers in New Britain. It offers FHA, VA, conventional, jumbo, rehab, and construction loans. The company also provides refinancing, reverse mortgages, and mobile home and non-QM loans. Its team assists commercial borrowers looking for new construction and fix and flip financing, as well as asset-based rental property loans. Northeast Financial believes that each community and client has a unique situation, and it has 29 employees ready to meet their needs.

License Verified:

License: 117273

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 (80)
Facebook
5.0 / 5 (50)

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.
  • How does a change in property value influence the need for mortgage insurance when refinancing in New Britain?

    If the value of one's current home in New Britain has increased since their last mortgage agreement, they may have the opportunity to eliminate mortgage insurance. Conversely, if the property value has decreased, they might be introduced to MI costs. As a whole, homeowners must evaluate whether refinancing aligns with their financial objectives, even with potential MI.

  • What is the procedure for a home appraisal during refinancing in New Britain?

    For home appraisals, New Britain homeowners must first allow appraisers to access their property for a quick walkthrough. The bulk of the appraisal tasks, which include research on comparable properties, valuation computations, and the preparation of an informative report, are performed at the appraiser's office. Lenders subsequently include the associated costs, which range between $350 and $500, in the homeowner's fees.

  • What are the key requirements for cash-out refinancing in New Britain?

    In New Britain, homeowners considering cash-out refinancing must maintain sufficient home equity, generally preserving 20% of the home's value and accessing up to 80%. A credit rating of 620 or above is crucial, which is a step above the 580 for standard refinancing. Additionally, keeping a DTI ratio under 50%, which compares monthly debts to income, is recommended.

  • How can homeowners in New Britain fund home remodels through mortgage refinancing?

    Homeowners in New Britain can fund remodels by tapping into their home equity through mortgage refinancing. By doing this, they borrow more than their current mortgage, turning the surplus into cash for remodeling expenses. With a solid credit standing, one might access up to 80% of the property's value. Repayments can stretch over 15 or 30 years, depending on the loan's nature. Opting for this makes sense if the upgrades can boost the home's value and equity.

  • What should borrowers in New Britain be aware of regarding a "no cost refi"?

    While a "no cost refi" refinancing option may be advantageous for those lacking immediate funds for settlement costs, it's imperative for borrowers in New Britain to assess the long-term financial implications of a potentially higher interest rate. A "no cost refi" involves lenders or brokers paying the settlement costs, but the borrower may encounter an elevated interest rate to compensate for these initial savings. This adjustment can lead to increased overall expenses throughout the loan.

  • 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.