Expertise.com Homepage

2024

Last updated:

Best Mortgage Refinance Companies in Odessa, TX

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 Odessa 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.

67Reviewed

42Curated

5Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

4305 N. Garfield Street, Suite 213A, Midland, TX 79705
WebsiteLicense: 621110

Expertise.com Rating

Why choose this provider?

Quicklender.com is a mortgage service provider catering to the refinancing goals of homeowners in the Odessa metro. Operated by mortgage broker Julie Wong, it provides refinancing options through conventional, USDA, and FHA loans. Wong and her team assist borrowers in preparing paperwork, searching and comparing different lender rates, and handling the closing process. Wong has been serving clients for more than 20 years. She designs financial solutions for foreign nationals, commercial property buyers, and ITIN professionals.

  • New Construction

4555 E University D-5, Odessa, TX 79762
WebsiteLicense: 809188

Expertise.com Rating

Review Sources

Google
5.0 (63)

Why choose this provider?

Sarai Torres is a loan officer representing Benchmark Mortgage in Odessa. She speaks fluent Spanish and has been in the mortgage industry for over a decade. She assists clients with mortgage refinance needs, helping them secure the loan for cashing out equity, reducing interest rates, and lowering monthly mortgage payments. Her process involves online and in-person consultation, which checks for employment, assets, and credit scores for pre-approval. Torres also caters to veterans through The Veterans Home Front, Benchmark Mortage's loan programs for active and retired military personnel.

  • New Construction

2101 West Wadley, Suite 36, Midland, TX 79705
WebsiteLicense: 226999

Expertise.com Rating

Review Sources

Facebook
4.8 (43)
Google
5.0 (41)
Yelp
5.0 (4)

Why choose this provider?

HNB Mortgage provides financing solutions to Odessa and the neighboring areas. It works with clients looking for lending programs to refinance their current mortgages, purchase primary and secondary residences, and invest in new income-producing properties. Loan types available include FHA, VA, and conventional. HNB Mortgage's team of processors, underwriters, and loan closing specialists helps borrowers throughout the lending process, keeping them informed about the status of their loans by sending frequent updates and progress reports.

  • FHA, VA, Conventional
  • NMLS #205935

825 John Ben Shepperd Pkwy., Ste. 5, Odessa, TX 79761
WebsiteLicense: 278552

Expertise.com Rating

Review Sources

Facebook
5.0 (14)

Why choose this provider?

Patty Marquez Group offers mortgage refinancing solutions to clients living in Odessa. It helps families obtain their dream homes by catering to first-time home buyers or those looking for refinancing options at lower rates. The group operates under Cardinal Financial Company and provides home refinancing options covering fixed rates, adjustable rate mortgages, conforming loans, jumbo and super jumbo loans, and FHA, VA, and USDA loans. Patty Marquez Group has more than five decades of combined experience in the mortgage industry.

  • Reverse Mortgages

223 W Wall St, Midland, TX 79701
WebsiteLicense: 918977

Expertise.com Rating

Review Sources

Facebook
5.0 (17)

Why choose this provider?

Chris Karns provides mortgage refinance solutions to residents of Odessa and the surrounding areas. He is a loan officer from Integrity First Financial. He helps individuals and families achieve their financial goals by connecting them with various lenders. FHA, USDA, and VA loans are among the programs he provides. Clients have the option to obtain a pre-approval letter, compare mortgage programs, and search for properties using a set of tools that can be accessed through Chris' website.

  • Commercial Loans

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Quicklender.com
4305 N. Garfield Street, Suite 213A, Midland, TX 79705
Sarai Torres
4555 E University D-5, Odessa, TX 79762
HNB Mortgage
2101 West Wadley, Suite 36, Midland, TX 79705
Patty Marquez Group
825 John Ben Shepperd Pkwy., Ste. 5, Odessa, TX 79761
Chris Karns
223 W Wall St, Midland, TX 79701

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.
  • Why is it better to refinance your mortgage loans in Odessa when rates are low?

    If you refinance your mortgage loans in Odessa when interest rates are low, you will be able to convert your fixed-rate loan or adjustable-rate mortgage into a much lower monthly mortgage payment. Additionally, if you are currently paying private mortgage insurance, refinancing can help you eliminate this cost. However, the cost of refinancing will be determined by the equity in your home.

  • What other options do you have if you refinance in Odessa besides lowering your current mortgage?

    If you refinance your mortgage loan in Odessa, you will not only lower your current home loan, but you will also be able to use the equity in your home to help with home-related projects such as renovations. You will also be able to consolidate your debt by refinancing your current mortgage loan.

  • What are the pieces of information that you will typically provide when applying for a mortgage refinancing loan in Odessa?

    When applying for a mortgage refinancing loan in Odessa, you must typically provide information such as the type of home, your credit profile, and the reason for refinancing. You will also need to provide information such as how long you intend to keep your property, your current loan program, and whether or not you are the primary borrower for the loan.

  • Can you use mortgage refinancing to pay your credit card debts in Odessa?

    Yes, you can use the proceeds from your mortgage refinancing loan to pay off your credit card debts. This is because if you refinance, you will be able to cash out your home's equity and use it to pay off your debt. You can improve your credit score by paying your mortgage on time.

  • What requirements do you need to provide a lender in Odessa to qualify for a cash-out refinance loan?

    To qualify for a cash-out refinance loan in Odessa, you must meet certain requirements, such as having a high credit score, which will result in a lower interest rate on your loan. You must also have at least 20% equity in your home and a debt-to-income ratio of 45%. However, regardless of how much equity you have in your home, you must have owned the property for at least six months before you can cash out with a conventional 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.