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2024

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Best Mortgage Refinance Companies in Arlington Heights, IL

Our Recommended Top 3

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 Arlington Heights 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.

42Reviewed

26Curated

3Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

725 E. Dundee Rd, Ste 201, Arlington Heights, IL 60004
WebsiteLicense: 258913

Expertise.com Rating

Review Sources

Facebook
4.3 (34)
Google
4.8 (18)
Yelp
5.0 (6)

Why choose this provider?

One Republic Mortgage (ORM) is a multi-state lender that lists Arlington Heights as one of its service areas. The company renders a boutique-style approach in its refinancing services, starting from pre-qualification and application to appraisal and closing. Its loan officers enable clients to take advantage of refinance calculators and industry guidance to aid homeowners in accomplishing transactions with minimal hassle. ORM was founded in 2008 and is an active participant in community activities, including the Colombian Fest/El Gran Festival Colombiano.

  • Reverse Mortgages

2340 S. Arlington Heights Rd., Suite 440, Arlington Heights, IL 60005
WebsiteLicense: 221739

Expertise.com Rating

Review Sources

Google
5.0 (58)
Facebook
5.0 (5)
Yelp
5.0 (5)

Why choose this provider?

Town & Country Mortgage Services caters to the home-refinancing needs of individuals in Arlington Heights and the surrounding communities. It provides interest rate and market trend analyses to help clients maximize their home equity and get lower rates. It also has conventional, government-backed, and jumbo loan options for first-time buyers. The firm has been in the home-lending industry since 2003 and has a partner realty company. Its president, Mike Blackhall, has been with the business since it was established.

  • New Construction

1 Mid America Plaza # 800, Oakbrook Terrace, IL 60181
WebsiteLicense: 258898

Expertise.com Rating

Review Sources

Google
5.0 (20)
Yelp
5.0 (1)

Why choose this provider?

Dan Larkin provides the people of Arlington Heights with knowledge and expertise of the mortgage process. As a mortgage lender, Larkin assists homeowners in saving money with a lower interest rate or cashing out of a property for emergencies by providing various refinancing loan programs offered by Celebrity Home Loans. He first examines the individual's unique situation to determine the best loan option for them. Larkin also keeps them updated through prompt communication and works to ensure a timely loan closing.

  • New Construction

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
One Republic Mortgage
725 E. Dundee Rd, Ste 201, Arlington Heights, IL 60004
Town & Country Mortgage Services
2340 S. Arlington Heights Rd., Suite 440, Arlington Heights, IL 60005
Dan Larkin
1 Mid America Plaza # 800, Oakbrook Terrace, IL 60181

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.
  • Is it a good idea to refinance a house in Arlington Heights during times of economic uncertainty?

    A borrower in Arlington Heights generally should refinance a mortgage when the economy is predictable and interest rates are going down. It is highly risky to obtain a new loan only for it to become more expensive than the original loan that one intended. It would defeat the common purpose of obtaining a less onerous debt.

  • Should a mortgage holder in Arlington Heights jump at the first favorable loan with a lower interest rate that comes up?

    No, a mortgage holder in Arlington Heights should not immediately jump at the first favorable loan with a lower interest rate that comes up. The market is a wide one, and it is wiser to shop around and explore all the available options. There is usually an even better product in plain sight that one has not yet noticed.

  • What is the biggest factor that controls the interest rate that a mortgage holder in Arlington Heights will get when refinancing?

    The biggest factor that controls the interest rate that a mortgage holder in Arlington Heights will get when refinancing is the credit score. Lenders are most inclined to grant reduced interest to those who have a track record of paying their obligations on time and who never default on their monthly payments.

  • Is it safe to rely on the mortgage and refinance calculators available on the internet when making financial decisions in Arlington Heights?

    It is okay to use mortgage and refinance calculators online when trying to get a new loan in Arlington Heights, but at some point, the borrower has to talk to a human. A broker will be better informed about the most current trends and developments in the market and is equipped to shop around for ideal options.

  • What is the advantage of refinancing into a government-backed mortgage in Arlington Heights?

    The advantage of refinancing into government-backed mortgages in Arlington Heights is that these products are accessible to those who have less favorable credit histories and who would not otherwise qualify for other options. Since agencies like the USDA and VA are tax-supported, they can take risks on borrowers that the private sector has abandoned.

  • 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.