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Best Mortgage Refinance Companies in Billings, MT

Our Recommended Top 5

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 Billings 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.

59Reviewed

37Curated

5Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

2646 Grand Avenue, Ste. 2, Billings, MT 59102
WebsiteLicense: 1620055

Expertise.com Rating

Review Sources

Facebook
5.0 (86)
Google
4.9 (30)

Why choose this provider?

Brian Hafner has been a mortgage loan originator at Universal Lending Home Loans since 2016, serving families and individuals in Billings. He works with clients who turn to mortgage refinancing to improve their financial situation through lower interest rates or reduced terms. The agent helps them review their options to determine if refinancing is a practical move for them. Brian understands the need to keep clients updated as they move through every step in the refinancing process. He speaks at homebuyer seminars and is a Certified Military Home Specialist.

  • New Construction

2511 Montana Ave, Billings, MT 59101
WebsiteLicense: 2550

Expertise.com Rating

Review Sources

Google
5.0 (31)
Yelp
5.0 (2)

Why choose this provider?

Mann Mortgage Billings is a family-owned company that helps individuals purchase homes in the metro and the surrounding areas. Its team specializes in guiding clients in refinancing their existing loans to obtain lower rates, changing terms, or obtaining cash out for home renovation or personal purposes. The agency carries home-buying loan options, including jumbo, conventional, FHA, and VA loans. It also offers construction loan programs for individuals wanting to build homes suitable to their needs. Mann Mortgage Billings has been operating for over three decades.

  • New Construction
  • Reverse Mortgages

746 Grand Avenue, Billings, MT 59101
WebsiteLicense: 260559

Expertise.com Rating

Review Sources

Facebook
5.0 (13)
Google
5.0 (3)

Why choose this provider?

Wallinder Mortgage Brokers is a veteran-owned business that has been providing loan programs for present and future homeowners in Billings for more than 20 years. It offers local borrowers with home refinancing options that are tailored to their current financial situation. These include FHA, VA, and conventional loans. In addition, the agency assists first-time homebuyers in achieving their homeownership goals through Montana Board of Housing mortgage programs. Owner Kim Wallinder Moffet is a former Realtor and home restoration professional.

  • Commercial Loans

1320 Division Street, Billings, MT 59101
WebsiteLicense: 140614

Expertise.com Rating

Review Sources

Google
5.0 (13)
Facebook
5.0 (8)
Yelp
1.0 (1)

Why choose this provider?

Division Mortgage Group, Inc. is a lending firm that serves customers in and around the Billings area. It handles refinancing, mostly in connection with outstanding residential mortgages like FHA, VA, conventional, and rural housing, as well as reverse mortgages. Established in 2007, Division Mortgage Group is NMLS-registered and holder of all NAMB credentials, namely the GMA, CRMS, CMC, and the Lending Integrity Seal of Approval. The firm is also licensed to operate in North Dakota and Wyoming.

  • New Construction
  • Reverse Mortgages

705 5th St W, Billings, MT 59101
WebsiteLicense: 214862

Expertise.com Rating

Review Sources

Google
4.9 (62)
Facebook
5.0 (7)

Why choose this provider?

Guardian Mortgage is a brokerage that serves individuals and families in Billings. It provides mortgage refinancing services for debt consolidation purposes, lowering clients' interest rates or monthly payments. It also assists with home purchase loans such as conventional, FHA, VA, and reverse mortgages. In addition, the company offers rural development and investment property mortgages. Guardian Mortgage supports the national breast cancer organization Think Pink. It has been in business for more than two decades.

  • Reverse Mortgages

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Brian Hafner
2646 Grand Avenue, Ste. 2, Billings, MT 59102
Mann Mortgage Billings
2511 Montana Ave, Billings, MT 59101
Wallinder Mortgage Brokers
746 Grand Avenue, Billings, MT 59101
Division Mortgage Group, Inc.
1320 Division Street, Billings, MT 59101
Guardian Mortgage
705 5th St W, Billings, MT 59101

Billings, MT Mortgage Refinance FAQs

  • Are there costs associated with loan refinancing in Billings?

    Yes, most lenders charge fees for loan refinancing in Billings. It's essential to consider the duration of your stay in the property; if short, monthly savings might not cover these costs. Some lenders offer a higher interest rate but waive all loan-associated expenses. The decision might depend on your current loan's interest rate and financial goals. For instance, if a lender charges $1,000 to refinance, saving $50 monthly, it takes 20 months to recover the initial expense.

  • How can a borrower use the Mortgage Credit Certificate after refinancing in Billings?

    To utilize the Mortgage Credit Certificate after refinancing, borrowers in Billings must apply for its re-issuance. The MCC enables homebuyers to claim a tax credit for a portion of annual mortgage interest (up to $2,000), directly reducing federal tax liability. This credit enhances the buyer's net earnings, potentially increasing qualification capacity for the mortgage loan and saving thousands of dollars over its lifespan.

  • How can a mortgage refinance calculator assist individuals in Billings with decision-making?

    Using a mortgage refinance calculator helps individuals in Billings make informed decisions when comparing offers from different lenders. By inputting new interest rates and loan amounts, it helps estimate potential savings and the "break-even" point where accumulated monthly savings surpass closing costs. This tool provides a clear picture of what to expect during refinancing. Additionally, by entering offers from different lenders, the calculator helps determine the most favorable deal.

  • Is paying discount points for a lower interest rate a wise choice in Billings?

    Yes. In Billings, paying discount points to reduce a loan's interest rate can decrease required monthly payments and potentially allow for a more significant loan amount. The decision hinges on individual circumstances. Short-term property owners may not recover the upfront cost of the discount points through monthly savings. Assess the details of your situation before opting to pay points for a long-term rate reduction.

  • Is it a good idea to lock in a refinance rate with lenders in Billings?

    Yes, after refinance approval, lenders in Billings often offer rate locks. Locking in the current rate is suggested if a person is happy with it. Rate locks span 15 to 60 days. Given daily rate fluctuations, you can float the rate to lock it at a lower point if anticipated. Floating may also suit if you're concerned about a lock expiring before the closing date.