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Best Mortgage Refinance Companies in Melbourne

2024

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Website
7115 Turner Road, Rockledge, FL 32955
  • New Construction

Why choose this provider?

Ashley Stockrahm of Certified Mortgage Planners serves Melbourne homeowners. The senior loan originator helps clients achieve various refinancing goals, from reducing interest rates and loan terms to cashing out on equity and removing mortgage insurance. She works with clients one on one to find an option tailored to their needs and financial capacity. Ashley strives to simplify the process by educating clients on mortgage jargon and what to expect in each step. She also assists clients with purchase loans like conventional, Jumbo, and VA.

License Verified:

License: 1393960

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
Facebook
4.7 / 5 (23)

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
6050 S Babcock St #27, Palm Bay, FL 32909
  • Reverse Mortgages

Why choose this provider?

Harmony Mortgage, Inc., is a lending business that assists with down payment assistance for locals in Melbourne. It helps homebuyers and homeowners with a variety of loans and refinancing options. These programs enable clients to change terms and rates, as well as opt to cash out. Notary officer Jason Carrasquillo has been a licensed mortgage broker since 2004. He is also a licensed Realtor who started his career in the financial services industry in 1997.

License Verified:

License: 1057728

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.
4.6
Google
4.6 / 5 (11)

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
1740 Sarno Rd, Melbourne, FL 32935
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Oceans Lending LLC is a full-service mortgage company that caters to clients in Melbourne and nearby areas. It underwrites and originates different types of programs, such as FHA and VA loans, which can be used for home purchasing or refinancing. Some of the other mortgage products offered are jumbo, conventional, and renovation loans. The company's specialists look into the financial information of the borrowers and provide them with the knowledge and directions they need to get the best house loan.

License Verified:

License: 1470464

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.
4.6
Google
4.6 / 5 (27)
Facebook
4.5 / 5 (26)
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
150 Coconut Dr Suite #202, Indialantic, FL 32903
  • Reverse Mortgages

Why choose this provider?

Assurance Home Loan Inc. serves clientele throughout Melbourne. It serves mortgagors by helping them refinance their current mortgages. Its staff works with them, explaining common industry terms and the processes involved and discussing available market options and their benefits, such as reduced interest rates or monthly payments. The company also assists home buyers in applying for and acquiring mortgages with fixed or adjustable rates. One of its mortgage loan originators, John Sorgenfrei, has been working in the mortgage industry since 1987.

License Verified:

License: 345907

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.
4.8
Google
4.8 / 5 (18)
Facebook
5.0 / 5 (2)

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
403 Jillotus St., Merritt Island, FL 32952
  • Reverse Mortgages

Why choose this provider?

Jake Malesh has been working for Space Coast Mortgage Corp. as a mortgage loan originator since 2021. He serves homebuyers and mortgagors throughout the Melbourne area. Jake collaborates with clients, maintaining regular communications while guiding them through the search and application process for mortgages and refinancing solutions. These solutions range from custom mortgage options for residential property investors to cash-out or rate refinances. His website also contains digital guides for common mortgage-related issues, like finding favorable refinancing rates.

License Verified:

License: 2129513

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 (6)
Facebook
5.0 / 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

Website
1441 N Harbor City Blvd., Melbourne, FL 32935
  • New Construction

Why choose this provider?

Morgan Financial is a veteran-owned and locally operated mortgage company serving homebuyers, real estate agents, and builders throughout Melbourne. It helps clients lower their interest rates or shorten their terms through mortgage refinancing programs. The team also offers refinancing products for cash-out or home improvement purposes. In addition, the company assists with a variety of home purchase loans, including Fannie Mae, FHA, and VA mortgages. Morgan Financial has been in business for more than two decades.

License Verified:

License: 318525

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 (171)
Facebook
5.0 / 5 (153)
Yelp
3.5 / 5 (3)

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
1413 S. Patrick Drive #6, Satellite Beach, FL 32937
  • Reverse Mortgages

Why choose this provider?

Ameribest Mortgage provides lending solutions for cash-strapped borrowers missing loan payments in Melbourne. Its refinancing options seek to adjust terms, obtain money from equities, fund property renovations, and consolidate debt obligations. Depending on the clients' housing and financial goals, its mortgage advisors recommend restructuring solutions like ARM conversion and the HARP unlimited programs. They also guide first-time homebuyers in the loan process, from filing applications to closing on chosen properties. Its customized quotes detail loan amounts, interest rates, terms, and advantages of its proposed funding programs.

License Verified:

License: 325885

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 (88)
Facebook
4.5 / 5 (25)
Yelp
4.0 / 5 (2)

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
1600 W. Eau Gallie Blvd. Suite 205A, Melbourne, FL 32935

Why choose this provider?

For over 25 years, Kendall Mortgage Corporation has been helping Melbourne residents navigate the process of obtaining home loans. It offers borrowers the option to refinance their existing mortgages. Its originator, John Kendall, also assists clients in securing new loan applications and provides different programs, such as construction, conventional, FHA, first-time homebuyers, USDA, and VA options. The family-owned mortgage company gives back to the community by contributing its time and resources to charitable organizations, local schools, and small businesses throughout Brevard County.

License Verified:

License: 1642576

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 (11)
Yelp
5.0 / 5 (1)

Website
2725 Center Pl, Melbourne, FL 32940
  • New Construction

Why choose this provider?

Champions Mortgage serves clients in Melbourne. The firm assists individuals and families who wish to lower monthly payments, shorten loan terms, or consolidate debt through refinancing. Its mortgage brokers incorporate simplicity throughout the lending process, ensuring that their customers understand their refinancing options and select the best program for their needs. The company also provides home purchase and commercial loans. The firm—which was founded in 2014—employs mortgage professionals with extensive experience in both the retail and wholesale mortgage industries.

License Verified:

License: 1197473

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
Facebook
4.9 / 5 (37)

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
835 Executive, Ln Suite 110, Rockledge, FL 32955
  • Commercial Loans

Why choose this provider?

Phoenix Star Mortgage implements refinancing solutions for homeowners in the Melbourne area. Owners and operators Havana Romaine and Wendy Ruhlig assist mortgage borrowers in refinancing to secure equity and obtain lower monthly payments. They educate clients about the loan process and guide them to help overcome refinancing challenges. Together, they have more than 30 years of experience serving the mortgage needs of the community. In addition, Romaine and Ruhlig develop solutions for borrowers with problems getting qualified.

License Verified:

License: 1858904

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

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.
  • How do individuals in Melbourne prepare for closing a refinance?

    Individuals in Melbourne need to prepare and bring government-issued identification cards with photos for the notary and cashier's check for the title company to cover closing costs. They also have to confirm their insurance policies, consult their interest rates before the closing, and examine their current loan's escrow account. Additionally, borrowers must review their credit histories.

  • What loan term in Melbourne is right for you?

    The right loan term for you depends on your situation and needs. In Melbourne, you may choose 15 to 30 years repayment schedules. With a 15-year mortgage loan, you may pay lower interest rates, unlike with a 30-year mortgage loan. Your pay is also less in total if you choose the 15-year mortgage.

  • When is the best time to refinance in Melbourne?

    The best time to refinance in Melbourne is when your home has appreciated value over time. You can make a portion of your home's equity into cash or may choose to refinance and drop your private mortgage insurance if your mortgage balance is under 80% of your home's value. It is also best to refinance if the mortgage interest rate drops to enjoy cost-saving benefits.

  • What issues can prevent you from doing a refinance in Melbourne?

    Your income might prevent you from doing a refinance in Melbourne. If you do not have enough income to pay mortgage debts, your lender may not approve your loan, unless you sell your home. Your low credit scores may also affect your refinance application. Most of the time, lenders do not pursue refinance applications of borrowers with low credit scores.

  • During a divorce, can veterans remove their spouses from a refinance loan in Melbourne?

    Yes. Veterans in Melbourne can remove their spouses from a refinance loan during a divorce through VA streamline refinancing. Veterans are the only ones that should stay on the loan, and their spouses must refinance their mortgage through another kind of loan. Spouses may use a VA cash-out option to open a new 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.