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Best Mortgage Refinance Companies in Clearwater

2023

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Website
1700 66th Street, Suite 202 St., Petersburg, FL 33710
  • New Construction

Why choose this provider?

Kim Smith is a loan officer who is affiliated with Fairway Independent Mortgage Corporation. She attends to the refinancing needs of homeowners in the Clearwater area who are looking to shorten loan terms, lower interest rates, or switch from an adjustable-rate to a fixed-rate mortgage. She offers several refinance loan options, including conventional and FHA streamline. Additionally, Smith offers loan programs for physicians, senior citizens, and homeowners that need to fund renovations. Other products are USDA and VA mortgage loans.

License Verified:

License: 1497711

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
1253 Park Street, Suite EU8, Clearwater, FL 33756
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Anthony Baker is a mortgage loan officer who has been serving Clearwater residents for more than a decade. Whether for single-family or multi-unit homes, he helps clients decrease their monthly mortgage payment and pay off their existing loans faster by offering mortgage refinance solutions. In addition, he provides traditional and new residential mortgage products. Anthony listens to clients' goals and identifies beneficial loan programs for their needs. He works for Homestead Funding Corp., a mortgage company that has been in operation since 1995.

License Verified:

License: 1730280

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Zillow
5.0 / 5 (11)
Google
1.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
759 SR 580 Suite 114, Clearwater, FL 33761
  • Reverse Mortgages

Why choose this provider?

Unconventional Lending attends to the mortgage refinance needs of residents in the Clearwater metro and the surrounding areas. It helps clients understand each loan program through educational videos and specific program guidelines. The firm provides various unconventional and traditional financing solutions, including jumbo, asset-based, portfolio, bank statement, and cannabis home loans. It also offers VA, FHA, foreign national, and private client portfolio loans. Unconventional Lending has more than 25 years of experience in the mortgage industry.

License Verified:

License: 1920590

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (17)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
1275 Cleveland St, Clearwater, FL 33755
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Tampa Bay Home Mortgage is a company that assists clients from Clearwater in purchasing or refinancing their homes. It enables clients who are looking to refinance to get lower interest rates and monthly payments to switch from an adjustable rate to a fixed rate for more security. The company provides an online pre-qualification service that clients can use to compare various financing options. A mortgage calculator is also available to help them project their potential expenses.

License Verified:

License: 1903820

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (19)
Facebook
5.0 / 5 (6)
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
17717 Hunting Bow Circle, Lutz, FL 33558
  • Reverse Mortgages

Why choose this provider?

Clearwater Mortgage Broker attends to the loan needs of its clients all over Florida. The company is operated by Ruth Schoenherr. She offers home purchasing and refinancing services. Along with her team, Ruth handles refinancing matters such as low fixed-rate loan, ARM, or simply a mortgage tuneup. She also works on setting pre-approval consultations to determine which loan fits the client's current capacity. The brokerage has been providing mortgage assistance and solutions for more than 25 years.

License Verified:

License: 336647

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (14)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
12800 Indian Rocks Rd #5C, Largo, FL 33774
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Merchant One Financial serves clients in the Clearwater metro and the nearby communities. Its team offers mortgage refinancing solutions for homes and other real estate properties. It assists customers with a variety of options such as jumbo and super jumbo loans, FHA loans, VA loans, USDA loans, and conforming loans. The business also provides home purchase loans, HARP loans, and reverse mortgages. Merchant One Financial has more than 20 years of experience in the industry.

License Verified:

License: 1469870

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.3
Google
4.1 / 5 (22)
Facebook
4.6 / 5 (13)
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
5006 Trouble Creek Rd, Suite 223, New Port Richey, FL 34652
  • Reverse Mortgages

Why choose this provider?

Sunshine State Home Loans offers mortgage-related products and services to commercial and residential clients in Clearwater. It provides home refinancing options to clients to help them reduce their mortgages and adjust loan terms and interest rates to fit their financial situation. Its team of loan officers also guides clients to understand other offered loan options such as VA, FHA, fixed-rate, and adjustable-rate loans. The company aims to provide competitive packages for its clients through its network of lending partners.

License Verified:

License: 1901827

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (36)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
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Website
111 N. Belcher Rd Suite 203 E, Clearwater, FL 33765
  • Reverse Mortgages

Why choose this provider?

Florida's VA Mortgage Center accommodates clients in Clearwater and nearby cities. It caters to families and veterans seeking to maximize their monthly income by applying for a refinance program—which allows them to modify loan terms and lower monthly mortgage payments. There are also VA loans offered to those who want to buy their first homes. The firm has partnered with a number of lenders to help clients shop and compare mortgage products and discover the one that best meets their needs.

License Verified:

License: 1299512

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (7)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
2141 Main St., Suite K, Dunedin, FL 34698
  • New Construction

Why choose this provider?

SilverLight Mortgage is a family-owned business serving Clearwater and its neighboring communities. Its main work involves helping clients find and acquire mortgage products suited to their specifications, such as mortgages with fixed or adjustable rates or government-supported programs like VA and FHA loans. It also works with current mortgagors, helping them find refinancing solutions through online analyses and staff consultations. Outside of the mortgage industry, owner Katy Jenne supports her community through volunteer work in the local Girl Scouts organization.

License Verified:

License: 1717705

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
4.9 / 5 (23)

Website
1265 S Myrtle Ave., Clearwater, FL 33756
  • Reverse Mortgages

Why choose this provider?

Moneylink Mortgage caters to homeowning veterans and individuals in Clearwater. It offers various refinance mortgages, including rate and term, cash-out, and VA or FHA IRRRL. Its team helps people secure loans based on their financial capacity, assisting in removing mortgage insurance and reducing loan terms. It has been operating since 1999 and also offers purchase and reverse mortgages. The company strives to deliver a stress-free experience by meeting closing dates and informing clients right away when a loan is not possible.

License Verified:

License: 347075

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
5.0 / 5 (54)
Facebook
4.7 / 5 (19)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
823 Court St, Clearwater, FL 33756
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Clearwater Mortgage offers home financing solutions to individuals in and around the local area. It caters to different types of clients, including homeowners refinancing mortgages or looking to take cash out from home equity. With access to various lenders and programs, its team finds loan options that match clients' needs. The brokerage provides downpayment assistance programs, mortgages for senior citizens, and loans for foreign nationals. Clearwater Mortgage is a family business established in 2012 by Sandy and Scotty Chinchar, who have been working in the industry since 1999.

License Verified:

License: 921372

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
4.9 / 5 (103)
Facebook
4.8 / 5 (15)
Yelp
4.5 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Frequently Asked Questions

  • 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.
  • When is it possible to refinance a home in Clearwater?

    The majority of Clearwater homeowners are able to refinance whenever they want, but some lenders could insist that you wait a particular amount of time if you recently bought a house or refinanced your mortgage. This requirement varies. There is no waiting period at all, for instance, with a conventional refinance. However, a USDA refinance requires a 6- to 12-month waiting period.

  • What kinds of cash-out refinance loans are available in Clearwater?

    In Clearwater, several cash-out refinance options are available: conventional, FHA, jumbo, and VA cash-out. Conventional cash-out is customized for homeowners possessing a minimum of 20% equity in their property. FHA cash-out is intended for homeowners whose credit scores might not be optimal. Jumbo cash-out is aimed at refinancing mortgages for properties that exceed lending limits established by the Federal Housing Finance Agency. Lastly, VA cash-out is uniquely crafted to cater to veterans desiring to access the full equity of their homes.

  • What factors should you take into account prior to choosing a cash-out refinance in Clearwater?

    Before deciding on a Clearwater cash-out refinance, several factors should be taken into account:

    • Increased Interest Rates: Typically, rates range from 0.125% to 0.5% higher compared to non-cash-out refinance mortgages, as the amount borrowed in a cash-out refinance is larger.
    • Bad habits: Cash-out refinancing offers a short-term solution for credit card debt. Having extra funds won't necessarily change your spending behaviors.
    • Foreclosure Risk: You risk losing your home if you are unable to pay your new, higher monthly mortgage payment.
  • What are the eligibility requirements for a USDA refinance program in Clearwater?

    To be eligible for a Clearwater USDA refinance, the borrower must maintain eligibility status, meeting household income requirements for refinancing approval. This is for both types of USDA refinance options. The USDA streamline refinance program requires on-time payments in the past 12 months. In the regular USDA refinance option, a lender might accept a few missed payments with a detailed explanation letter. Also, a minimum $50 difference in the resulting mortgage payment, encompassing fees and interest, is required for USDA refinance program approval.

  • What criteria do you need to meet to refinance a jumbo loan in Clearwater?

    To refinance a jumbo loan in Clearwater, certain criteria must be met:

    • Loan-to-Value ratio: Your remaining home debt should not exceed 80% of the property value.
    • Credit scores: Lenders require a score of 660 or higher.
    • Debt-to-Income ratio: Lenders generally seek a debt-to-income ratio of 43% or below.
    • Reserves: Adequate savings for months of payments are needed.
    • Property limits: Often, borrowers are capped at four mortgaged properties.
    • Bankruptcy limits: Generally, bankruptcy within the previous seven years is not allowed.
  • 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.