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Best Mortgage Refinance Companies in New Britain, CT

Our Recommended Top 13

We did the research for you!

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Our goal is to connect people with the best local professionals. We scored New Britain 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.

51Reviewed

35Curated

13Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

116 Washington Ave. Suite 401, North Haven, CT 06473
WebsiteLicense: 193306

Expertise.com Rating

Review Sources

Google
5.0 (12)

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.

  • New Construction

1027 Farmington Avenue, Farmington, CT 06032
WebsiteLicense: 6297

Expertise.com Rating

Review Sources

Facebook
4.8 (32)
Google
5.0 (17)

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.

  • Reverse Mortgages

1224 Main Street, Branford, CT 06405
WebsiteLicense: 30461

Expertise.com Rating

Review Sources

Yelp
5.0 (4)

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.

  • New Construction

1331 Silas Deane Highway, Wethersfield, CT 06109
WebsiteLicense: 2744

Expertise.com Rating

Review Sources

Google
5.0 (2)

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.

  • New Construction
  • Reverse Mortgages

130 North Main Street, Wallingford, CT 06492
WebsiteLicense: 107594

Expertise.com Rating

Review Sources

Google
4.8 (37)

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.

  • New Construction
  • Reverse Mortgages

48 Meriden Rd, Suite 1, Middlefield, CT 06455
WebsiteLicense: 117273

Expertise.com Rating

Review Sources

Google
4.8 (80)
Facebook
5.0 (50)

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.

  • New Construction

59 East Hill Road, Canton, CT 06019
WebsiteLicense: 64369

Expertise.com Rating

Review Sources

Facebook
4.8 (32)
Google
4.6 (17)

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.

  • New Construction

430 New Park Avenue Suite 101, Hartford, CT 06106
WebsiteLicense: 1663773

Expertise.com Rating

Review Sources

Google
5.0 (44)
Facebook
4.9 (30)
Yelp
5.0 (1)

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.

  • Reverse Mortgages

34 Bloomfield Ave, Windsor, CT 06095
WebsiteLicense: 69164

Expertise.com Rating

Review Sources

Facebook
5.0 (17)
Google
4.6 (9)

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.

  • Reverse Mortgages

152 Simsbury Road, Bldg. 9, Avon, CT 06001
WebsiteLicense: 2092323

Expertise.com Rating

Review Sources

Google
5.0 (9)
Facebook
5.0 (5)

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.

  • New Construction
  • Reverse Mortgages

416 Highland Ave,, Cheshire, CT 06410
WebsiteLicense: 58789

Expertise.com Rating

Review Sources

Facebook
5.0 (15)
Google
4.9 (7)

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.

  • Reverse Mortgages

31 Liberty St, Suite 306, Southington, CT 06489
WebsiteLicense: 1930800

Expertise.com Rating

Review Sources

Google
5.0 (10)
Facebook
5.0 (7)

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.

  • New Construction

110 Main Street, Manchester, CT 06042
WebsiteLicense: 2709

Expertise.com Rating

Review Sources

Facebook
4.8 (30)
Google
4.8 (20)

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.

  • Reverse Mortgages
  • New Construction

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Chance McQueen
116 Washington Ave. Suite 401, North Haven, CT 06473
CT Liberty Mortgage
1027 Farmington Avenue, Farmington, CT 06032
Gregg Pomeroy
1224 Main Street, Branford, CT 06405
Welcome Home Mortgage, LLC
1331 Silas Deane Highway, Wethersfield, CT 06109
Allied Funding Group
130 North Main Street, Wallingford, CT 06492
Northeast Financial
48 Meriden Rd, Suite 1, Middlefield, CT 06455
Ward Kilduff Mortgage, LLC
59 East Hill Road, Canton, CT 06019
Nate Pryzbek
430 New Park Avenue Suite 101, Hartford, CT 06106
Horizon Home Mortgage LLC
34 Bloomfield Ave, Windsor, CT 06095
Right Step Mortgage
152 Simsbury Road, Bldg. 9, Avon, CT 06001
Rapid Response Mortgage Services LLC
416 Highland Ave,, Cheshire, CT 06410
Sensible Mortgage Solutions LLC
31 Liberty St, Suite 306, Southington, CT 06489
Right Trac Financial Group
110 Main Street, Manchester, CT 06042

New Britain, CT Mortgage Refinance FAQs

  • 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.