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Best Mortgage Refinance Companies in Torrance, CA

Our Recommended Top 12

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 Torrance 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.

89Reviewed

58Curated

12Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

18321 S Western Ave, Ste J, Gardena, CA 90248
WebsiteLicense: 2427

Expertise.com Rating

Review Sources

Google
4.9 (38)

Why choose this provider?

Blue Vista Mortgage is an independently owned and operated brokerage firm that serves individuals and families in Torrance and the surrounding areas. It helps clients lower their payments, consolidate their debt, and pull cash from their equity through mortgage refinancing programs. It offers VA IRRRL, VA refinance, and FHA Streamline Refinance programs. The firm also provides a wide assortment of home purchase loans. Branch Manager Michelle Ota has been working in the mortgage industry for over three decades.

  • New Construction

4000 Palos Verdes Dr North STE 108, Rolling Hills Estates, CA 90274
WebsiteLicense: 242995

Expertise.com Rating

Review Sources

Google
5.0 (15)
Facebook
5.0 (11)

Why choose this provider?

South Bay Mortgage Brokers serves individuals in Torrance who need refinancing and lending services. Its products include various jumbo mortgages and fixed-year choices with 15- or 30-year terms. The team refinances current debts into and from FHA, 203k, and VA programs. Reverse mortgages are also available for senior citizens. The company has been in the home financing field for over 17 years and has funded over 600 million in combined loans for more than 600 clients.

  • Reverse Mortgages

Torrance, CA

Expertise.com Rating

Review Sources

Google
5.0 (12)
Facebook
5.0 (11)

Why choose this provider?

Benjamin Group Lending offers mortgage refinancing options to clients living in and around the Torrance area. It works on refinanced consumer loans such as car and student loans. It also has pre-qualification services, new home financing, credit repair, and debt consolidation in its portfolio. Real estate appraisals, loan processing, funding, underwriting, and documentation are also available. Benjamin Group Lending is NMLS-registered and an Equal Housing Lender. The firm is also licensed to operate in Arizona.

  • New Construction
  • Reverse Mortgages

600 Anton Blvd Suite 1104, Costa Mesa, CA 92626
WebsiteLicense: 1064309

Expertise.com Rating

Review Sources

Facebook
5.0 (12)

Why choose this provider?

Nations Lending's Mitch Chang assists Torrance homeowners with refinancing. He offers loan options for different goals, from lowering interest rates and changing mortgage terms to taking cash out of the home's equity. Mitch also advises homeowners on how to structure their new financing to get a favorable deal and avoid mistakes and red tape. Recognizing the significance of timely loan closing, he follows up and keeps the client informed of the progress. Purchase loans are also available for first-time, move-up, and investment buyers.

  • New Construction

2304 Artesia Blvd, Redondo Beach, CA 90278
WebsiteLicense: 256042

Expertise.com Rating

Review Sources

Facebook
4.7 (22)
Google
4.8 (18)

Why choose this provider?

Redondo Mortgage Center offers refinance loans to locals of Torrance. It helps homeowners achieve their financial goals to consolidate debts, get lower monthly payments and shorter terms, or get cash from equity to fund home improvements and major purchases through various refinancing loan products. The company was established in 1989 and also offers conventional, jumbo, VA, FHA, hard-money, and commercial loans, as well as reverse mortgages. It has a team of four loan officers, including one who is bilingual in English and Spanish.

  • New Construction
  • Reverse Mortgages

939 E Santa Ana Blvd, Santa Ana, CA 92701
WebsiteLicense: 1900275

Expertise.com Rating

Review Sources

Google
5.0 (54)
Facebook
5.0 (5)

Why choose this provider?

Scott Lending Team helps residents of Torrance achieve their homeownership dreams. Jeremy Scott leads the mortgage team at E Mortgage Capital that helps clients change the terms of their home loans and reduce their interest rates by offering fixed-rate, adjustable-rate, and conforming mortgages. His team gives financial advice based on changes in market conditions and mortgage programs to meet clients' unique needs and financial situations. E Mortgage Capital provides a mortgage calculator to help clients project their potential expenses.

  • New Construction
  • Reverse Mortgages

5405 Arrow Hwy, Ste 104, Montclair, CA 91763
WebsiteLicense: 306477

Expertise.com Rating

Review Sources

Facebook
4.9 (33)
Google
5.0 (3)

Why choose this provider?

Alwayzz Inc Realty & Loans is a mortgage broker that offers refinance loans to locals around Torrance. It helps homeowners achieve financial stability by helping them obtain lower monthly payments or shorter loan terms, consolidate debts, or get cash from equity through refinancing loan options. The company also provides FHA, VA, fixed-rate, adjustable-rate, and reverse mortgages. In addition, it has a fixed-rate mortgage-down payment assistance program for first-time home buyers who must complete a homebuyer counseling class.

  • New Construction

24051 Neece Ave Ste B, Torrance, CA 90505
WebsiteLicense: 327902

Expertise.com Rating

Review Sources

Yelp
5.0 (20)
Google
5.0 (6)

Why choose this provider?

Midgate Mortgage caters to clients in Torrance and the surrounding South Bay areas who have refinancing and loan needs. These products include programs aimed at first-time buyers, commercial real estate players, and property investors. Refinancing is an option to take advantage of the subsequent reduction in interest rates following the original acquisition of debt. Midgate Mortgage has been open since 2001 was founded by Steve Chelebian who is a 24-year veteran of the lending sector.

  • New Construction
  • Reverse Mortgages

1650 Ximeno Ave Ste 210, Long Beach, CA 90804
WebsiteLicense: 1448432

Expertise.com Rating

Review Sources

Google
5.0 (183)
Facebook
5.0 (30)
Yelp
5.0 (10)

Why choose this provider?

Jack Skovgard is a Long Beach Home Loan mortgage advisor who serves clients in Torrance-based communities. He employs a communication-based approach by working closely with clients to analyze their financial situations and credit scores and following up on their requirements. He and his team relay relevant information involving various refinancing choices, loan programs, and market rates to help applicants structure a plan that suits their goals. Skovgard also caters to real estate investors, first-time homebuyers, and seniors who are looking for reverse mortgage options.

  • Commercial Loans
  • New Construction

24214 Hawthorne Blvd., Torrance, CA 90505
WebsiteLicense: 290315

Expertise.com Rating

Review Sources

Google
5.0 (56)
Yelp
5.0 (28)
Facebook
5.0 (12)

Why choose this provider?

Cal Fed Mortgage provides services to homeowners and homebuyers in Torrance and the neighboring areas. It refinances mortgage loans to help clients meet their financial goals by reducing their monthly payments and lowering their interest rates. These refinance programs allow clients to cash out their equity to meet their home improvement, vacation fund, or debt consolidation needs. Cal Fed Mortgage is also available to serve individuals applying for mortgage loans. The company also handles commercial real estate funding for business owners or investors.

  • Reverse Mortgages

1611 S Pacific Coast Hwy #102, Redondo Beach, CA 90277
WebsiteLicense: 313275

Expertise.com Rating

Review Sources

Google
4.9 (95)
Yelp
5.0 (25)
Facebook
5.0 (20)

Why choose this provider?

South Bay Equity Lending is a mortgage firm established in 2001. It caters to borrowers in Torrance, providing numerous real estate financing and refinancing options, including jumbo, FHA, VA, bank statements, and asset depletion loans. Its brokers have refinancing solutions for clients looking to consolidate their high-interest debt or obtain funds to improve their property. The firm also offers adjustable, fixed-rate, and reverse mortgage solutions. Principal broker Matthew Hadnett has been helping people create informed monetary decisions for over three decades.

  • New Construction

449 Silver Spur Road, Rolling Hills Estates, CA 90274
WebsiteLicense: 2089797

Expertise.com Rating

Review Sources

Facebook
4.9 (65)
Yelp
4.5 (9)

Why choose this provider?

West Shores Realty helps locals in Torrance with their refinancing needs. It assists clients in a variety of mortgage concerns and other real estate matters to help people afford their dream homes. Meetings may be conducted completely online. Additionally, the brokerage has an application (available for download on iOS and Android) that aims to make its services and updates more accessible to its clients. West Shores Realty has seven locations and more than 600 agents. It has been in operation since 2012.

  • New Construction

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Blue Vista Mortgage
18321 S Western Ave, Ste J, Gardena, CA 90248
South Bay Mortgage Brokers
4000 Palos Verdes Dr North STE 108, Rolling Hills Estates, CA 90274
Benjamin Group Lending
Torrance, CA
Mitch Chang
600 Anton Blvd Suite 1104, Costa Mesa, CA 92626
Redondo Mortgage Center
2304 Artesia Blvd, Redondo Beach, CA 90278
Scott Lending Team
939 E Santa Ana Blvd, Santa Ana, CA 92701
Alwayzz Inc Realty & Loans
5405 Arrow Hwy, Ste 104, Montclair, CA 91763
Midgate Mortgage
24051 Neece Ave Ste B, Torrance, CA 90505
Jack Skovgard
1650 Ximeno Ave Ste 210, Long Beach, CA 90804
Cal Fed Mortgage
24214 Hawthorne Blvd., Torrance, CA 90505
South Bay Equity Lending
1611 S Pacific Coast Hwy #102, Redondo Beach, CA 90277
West Shores Realty
449 Silver Spur Road, Rolling Hills Estates, CA 90274

FAQs

  • 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 can mortgage refinancing with a lower interest rate benefit homeowners in Torrance?

    Refinancing with a lower interest rate has the potential to decrease homeowners' monthly payments by around $100 to $300, leading to significant savings totaling hundreds of thousands of dollars throughout their mortgage. Additionally, Torrance homeowners have the option of a cash-out refinance, providing extra funds from their home's equity to pay off their existing mortgage or handle various expenses.

  • What guidelines must be met to be eligible for refinancing USDA loans in Torrance?

    To be eligible for refinancing in Torrance, you should have an existing USDA home loan, specifically for 30-year fixed-rate mortgages. There's no need to show income documents, but bank statements might be requested to verify income limits. Your home must be your primary residence, and monthly payments need to decrease by a minimum of $50. You can include more borrowers, but removing them is not permitted. Additionally, you must have a record of on-time payments for the past 12 months.

  • What is the impact of refinancing on your taxes in Torrance?

    Refinancing to a lower interest rate in Torrance can reduce deductible interest on your income tax return, potentially leading to increased tax payments and less savings from a new, lower-interest mortgage. Points paid upfront for refinancing are deducted over the loan's lifespan, except for home improvement loans with specific conditions. Considering alternatives like a 15-year fixed-rate mortgage is advised, as higher payments result in less interest paid over the loan's duration, impacting deductible interest on taxes.

  • What are the common costs you may encounter when refinancing in Torrance?

    Some of the common costs you may encounter when refinancing in Torrance include application fees ranging from $75 to $300, appraisal fees of $300 to $700, survey costs averaging $150 to $400, and homeowners hazard insurance fees from $300 to $1,000. Other fees include lenders' attorney's review fees ranging from $500 to $1,000, and title search and title insurance expenses typically falling between $700 and $900. Keep in mind that these amounts are approximate and can vary depending on your specific lender.

  • What documents are necessary for retired individuals looking to refinance in Torrance?

    If you're a retired individual in Torrance looking to refinance, you'll need to provide proof of Social Security income, proof of pension income, the most recent two years of tax returns for rental property owners, two years of tax returns for interest, dividend, and capital gains income, as well as asset depletion documentation if relevant. Additionally, provide HOA contact details if applicable. Please note that certain situations might need additional documentation beyond these listed requirements.

  • 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.