Expertise.com

2024

Last updated:

Best Mortgage Refinance Companies in Lakeland

Our Recommended Top 13

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 Lakeland 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

45Curated

13Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

705 East Orange Street, Lakeland, FL 33801
WebsiteLicense: 322254

Expertise.com Rating

Review Sources

Google
5.0 (597)
Facebook
4.7 (32)
Yelp
5.0 (1)

Why choose this provider?

Compass Mortgage LLC is a locally owned and operated brokerage that offers refinancing solutions to the Lakeland community. Its team of mortgage professionals advises loan owners regarding refinancing programs that fit their needs and goals. The team assesses each client's financial situation and history and provides guidance in completing the refinancing process in a timely manner. Compass Mortgage has been serving the community for over 15 years and gives back by supporting the Blended Family Foundation.

  • Reverse Mortgages

41040 US Highway 27 Suite 1, Davenport, FL 33837
WebsiteLicense: 836792

Expertise.com Rating

Review Sources

Facebook
5.0 (16)

Why choose this provider?

Approved Mortgage helps residents in the area of Lakeland in refinancing or purchasing homes. The mortgage refinance company offers jumbo, USDA, HARP, FHA, and VA loan programs for its clients. It also provides reverse mortgage loan options for senior citizen customers who need access to their home equity. Approved Mortgage aims to provide mortgage solutions to its clients by discussing available home loan options and helping them identify what will suit their financial status and lifestyle.

  • New Construction

110 E. Pine St., Lakeland, FL 33801
WebsiteLicense: 336880

Expertise.com Rating

Review Sources

Facebook
4.9 (47)
Google
4.7 (12)
Yelp
5.0 (2)

Why choose this provider?

Landmark Mortgage & Associates, Inc., delivers refinancing services to borrowers in Lakeland and the neighboring areas. The company helps homeowners refinance an FHA loan to replace it with a conventional one. Its officers create customized refinancing solutions for borrowers planning to change to a lower rate or cash out equity. Additionally, they guide clients in the application process, from the documentation submission stage to closing. Owner Taylor Caffey has been originating mortgages for more than 22 years.

290 Cypress Gardens BLVD SE, Winter Haven, FL 33880
WebsiteLicense: 342544

Expertise.com Rating

Review Sources

Google
4.6 (27)
Facebook
4.8 (13)

Why choose this provider?

Vertical Lending caters to customers in and around the Lakeland metro. It helps borrowers who want to refinance their mortgage, offering a wide selection of loan options, including VA, USDA, FHA, investment, jumbo, and rehab loans. It also provides medical professional and self-employed loan programs. Vertical Lending has been serving clients since 2006. It aims to speed up the home loan application process and give borrowers access to their loan status through the use of technology.

  • New Construction

1723 S. Florida Avenue, Lakeland, FL 33803
WebsiteLicense: 1710410

Expertise.com Rating

Review Sources

Google
5.0 (27)
Facebook
5.0 (15)

Why choose this provider?

Robert Beshears is a mortgage banker who strives to meet the loan needs of residents in the Lakeland area. As a member of Stockton Mortgage, he assists loan holders in refinancing to save money through lower interest rates or take out cash from equity. He analyzes financial situations, reduces the loan closing turnaround time, and keeps clients informed of the latest market rates and trends. Beshears has been in the financial industry since 2007 and was previously a member of the military.

  • New Construction
  • Reverse Mortgages

402 S Kentucky Ave #310, Lakeland, FL 33801
WebsiteLicense: 1424318

Expertise.com Rating

Review Sources

Google
4.9 (59)
Facebook
5.0 (46)
Yelp
5.0 (2)

Why choose this provider?

American Liberty Mortgage, Inc. Lakeland, FL offers home purchase loans and refinancing solutions to individuals and families in the metro. It assists with different types of mortgages, including jumbo, FHA streamline, VA, FHA 203K rehab, conventional, and reverse. It also creates personalized programs for self-employed borrowers looking to utilize bank statements in place of traditional income documents for loans. American Liberty Mortgage has been in the industry since 2015 and is headed by Seth Gallaher, a 20-year mortgage professional.

  • New Construction

2638 Stonewood Park Loop,, Land O Lakes, FL 34638
WebsiteLicense: 1559260

Expertise.com Rating

Review Sources

Google
5.0 (189)
Facebook
4.9 (47)

Why choose this provider?

SunPoint Home Loans is composed of loan originators that provide mortgage refinancing services to the residents of Lakeland. The company guides its clients to understand the benefits of a refinancing program, such as reduced monthly mortgage payments, shortened and restructured loan terms, and prioritized high-interest debts during monthly payments. As a direct mortgage lender, it offers a variety of options that cover 10- to 30-year and fixed-rate arrangements. Jumbo, conventional, HARP, FHA, VA, and USDA loans are also available.

  • Conv ,VA, FHA
  • Home Equity Loans
  • New Construction

1208 Bell Shoals Rd, Brandon, FL 33511
WebsiteLicense: 388278

Expertise.com Rating

Review Sources

Google
5.0 (31)
Facebook
5.0 (16)

Why choose this provider?

Quick Quote Mortgage is a team of loan officers that serves locals in the Lakeland metro. It assists clients in obtaining loans using the equity in their houses, refinancing existing loans, lowering monthly payments, and securing low-interest rates. It also offers conforming, jumbo, and super jumbo loans with terms ranging from five to 30 years. In addition, it has tools that can help buyers in computing and analyzing their dues in case they push through with the purchase, like refinance analysis and payment calculator.

  • Reverse Mortgages

Seffner, FL 33584
WebsiteLicense: 2024914

Expertise.com Rating

Review Sources

Google
5.0 (17)

Why choose this provider?

Newton Financial Home Loans is a locally owned firm that provides a wide range of options to clients in Lakeland and its surrounding areas. Its home loan refinancing programs include adjustable and fixed-rate mortgages; US Department of Agriculture, Veteran Affairs, and Federal Housing Administration loans. The company helps its clients find a mortgage term that fits their needs and preferences. Vivian Newton, the owner, has more than 15 years of experience in the finance and banking industry.

  • New Construction

2020 Edgewood Dr S., Lakeland, FL 33803
WebsiteLicense: 898090

Expertise.com Rating

Review Sources

Google
4.9 (640)
Yelp
4.0 (1)

Why choose this provider?

The Mortgage Firm Lakeland has been serving individual homebuyers, real estate professionals, and builders in the metro since 1995. It is a local, privately owned mortgage lending company offering refinancing options. Its loan officers also handle lending programs under government-backed systems, such as FHA, VA, and USDA. Aiming to simplify the lending process for people, The Mortgage Firm helps borrowers find the right loan that meets their unique needs and provides regular updates throughout the transaction.

  • New Construction

1258 Scottsland Dr., Lakeland, FL 33813
WebsiteLicense: 1501679

Expertise.com Rating

Review Sources

Google
5.0 (11)
Facebook
5.0 (9)

Why choose this provider?

Loantrust Mortgage is a Lakeland lender offering a wide variety of home loan financing plans. The company’s brokers educate clients on the types of loan programs available and help them choose among the options that will suit their individual needs. They also assist with mortgage refinancing to keep clients’ homes affordable or build more equity through an update and eventually cash out a bigger sum. Loantrust Mortgage has been in service for more than two decades.

  • New Construction

Lake Wales, FL 33853
WebsiteLicense: 1445154

Expertise.com Rating

Review Sources

Google
5.0 (64)
Facebook
4.8 (34)

Why choose this provider?

Ridge View Mortgage is a family-owned company that offers various financial solutions to residents in Lakeland. It has a staff of seven mortgage professionals with a combined 35 years of experience. They help clients who want a lower rate, change from an adjustable rate to a fixed rate, or aim to get cash from their equity through refinancing. They also assist first-time buyers by offering traditional and non-conforming loans. Ridge View Mortgage works with 15 lenders and strives to give clients the most suitable solutions for their financial needs.

  • New Construction

5327 Primrose Lake Circle, Tampa, FL 33647
WebsiteLicense: 248318

Expertise.com Rating

Review Sources

Google
4.9 (47)
Facebook
5.0 (18)
Yelp
5.0 (4)

Why choose this provider?

Marimark Mortgage, established in 2006, provides Lakeland homeowners with refinancing solutions. The independently owned mortgage lender and broker has assisted homeowners whose properties had depreciated by refinancing through the HARP program. It informs clients if their home is eligible for HARP, assisting them in lowering their mortgage payment, even if they owe more than the value of their home. In addition, homeowners can rely on Marimark Mortgage for assistance with the FHA Streamline refinance program.

  • New Construction

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.
  • What are the different kinds of mortgage refinance loans available in Lakeland?

    Lakeland offers a variety of mortgage refinance loans, which encompass cash-out refinance, rate-and-term refinance, and cash-in refinance loans. A cash-out refinance entails replacing the current mortgage with a larger amount, providing the borrower with home equity funds for purposes like renovation and debt consolidation. Meanwhile, the rate-and-term refinance loan aims to modify interest rates and, potentially, other terms to frequently decrease monthly payments. Finally, the cash-in refinance loan involves the borrower paying upfront to reduce rates and hasten mortgage repayment.

  • What differentiates a cash-out refinance from a home equity loan in Lakeland?

    A cash-out refinance essentially replaces your current mortgage with a newer, larger one. On the other hand, Lakeland residents can also get a home equity loan. This type of loan involves obtaining a second loan while utilizing the equity in your house as security. Both options leverage your home's value to access funds.

  • What are the advantages and disadvantages of opting for a cash-out refinance in Lakeland?

    A cash-out refinance allows Lakeland homeowners to clear high-interest debts, like credit cards and student loans, and address essential maintenance, such as fixing roofs or upgrading HVAC systems. However, it carries a risk of loan default if the increased payments become unmanageable. Homeowners should also anticipate paying approximately 2% to 6% of the loan amount for closing expenses.

  • How do you calculate the break-even point when refinancing a mortgage in Lakeland?

    Determining the break-even point plays a crucial role in the decision to refinance in Lakeland. Here's the calculation process:

    • Calculate Monthly Savings: Deduct the new monthly payment from the existing one.
    • Sum Up Expenses: Account for all refinancing costs, including loan origination, application, and appraisal fees.
    • Divide Costs by Savings: This yields the months required to reach the break-even point.
  • When is the best time to contemplate transitioning from an ARM to a fixed-rate mortgage in Lakeland?

    If you have a stable income, a good credit score, and interest rates are either low or expected to rise, it could be a suitable time to think about switching from an ARM to a fixed-rate mortgage. Additionally, if your ARM's initial fixed-rate period is ending and there are projections of interest rate hikes, refinancing to a fixed-rate mortgage might be a wise decision to protect yourself against potential future increases in your monthly mortgage payments in Lakeland.

  • 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.