Expertise.com

Best Mortgage Refinance Companies in Palm Bay

2024

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls
Mortgage Refinance Companies FAQs 〉

Last updated:

Website
1519 Outrigger Circle, Rockledge, FL 32955
  • New Construction
  • Reverse Mortgages

Why choose this provider?

The Oceanside Team of Direct Mortgage Loans offers refinancing solutions to borrowers in Palm Bay. It assists clients in obtaining programs where they can buy with little to no down payment, refinance with improved interest rates, adjust terms, buy land, build a home, and make home repairs. Government-based loans are also offered, including FHA, VA, and USDA. The company provides accurate information, allows clients to review options, and facilitates constant communication to carry out its mission of delivering excellent and flexible services.

License Verified:

License: 1614469

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 (48)
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
7115 Turner Road, Rockledge, FL 32955
  • New Construction

Why choose this provider?

Ashley Stockrahm is a senior loan officer at Certified Mortgage Planners who strives to meet the refinancing needs of Palm Bay residents. She helps homeowners build refinancing strategies to secure better rates and terms and take cash from the equity. With 30 lenders in the company's portfolio, she searches for refinancing solutions to fit borrowers' goals. Stockrahm has been providing mortgage services for over 15 years. She serves various client types, from active and reserve military members to luxury homeowners.

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.
4.8
Facebook
4.7 / 5 (25)
Google
4.8 / 5 (21)

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
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Kendall Mortgage Corporation helps clients throughout Florida, including Palm Bay, lower their interest rates and change the terms of their loans through refinancing. The family-owned and family-operated mortgage lender offers various loan programs, including conventional, construction, and reverse, as well as VA and FHA loans. It also provides a mortgage calculator to help borrowers project their potential expenses. One of the owners, John Kendall, is a long-time resident of Brevard County who has been originating loans since 1993.

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)
Facebook
5.0 / 5 (5)
Yelp
5.0 / 5 (1)

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

Why choose this provider?

Morgan Financial has mortgage refinancing services available for individuals in the Palm Bay metro and the surrounding areas. The veteran-owned company has loan officers who explain the process to help clients make informed financial decisions. It provides VA loans for veterans and active-duty military members. In addition, it has weekly communication and timeline updates. Morgan Financial is a full-service lender that has been serving the needs of homebuyers, builders, and real estate agents since 2002.

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 (169)
Facebook
5.0 / 5 (151)

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 offers Palm Bay residents a variety of refinancing and mortgage options. These solutions include fixed-rate mortgages with 30-year periods and reverse products tailored to the needs of aging buyers. Renovation loans are on hand and refinancing services are available for pre-existing obligations. Oceans Lending LLC operates across more than ten states and the District Of Columbia. It participates in efforts to preserve endangered marine reptile populations and supports the Sea Turtle Conservancy.

License Verified:

License: 1675938

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.
4.5
Google
4.6 / 5 (27)
Facebook
4.5 / 5 (26)

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
  • New Construction

Why choose this provider?

AmeriBest Mortgage is a Florida-based independent mortgage broker firm that serves clients in Palm Bay. It provides an online pre-qualification service that clients can use to compare various financing options, and a mortgage calculator to help them project their potential expenses. Whether it's purchasing a dream home, refinancing an outstanding loan, or consolidating debt, the firm's loan officers help clients by finding the loan program that is suited to their preferences at a reasonable interest rate.

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.
4.8
Google
4.9 / 5 (91)
Facebook
4.5 / 5 (25)

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
1790 Highway A1A Suite 101, Satellite Beach, FL 32937

Why choose this provider?

Atlantic Mortgage Services. Inc. caters to customers in Palm Bay. It helps property owners find a refinancing deal that suits their financial objectives. It finances various types of real estate, including primary residences, second homes or vacation houses, and investment units. The firm also helps first-time homebuyers or investors choose the mortgage product that fits their needs and goals. FHA, VA, and conventional mortgages are among the loan options available. Atlantic Mortgage has been a member of The Association of Mortgage Professionals since 1989.

License Verified:

License: 353421

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
3.9 / 5 (15)
Facebook
5.0 / 5 (10)

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
1370 Highway A1A Ste. A, Satellite Beach, FL 32937
  • Multi-Family Loans

Why choose this provider?

Home Lending Source is a mortgage agency that provides home loan and refinancing solutions in Palm Bay. Its loan programs include FHA home, VA, USDA, and Jumbo loans. The agency also helps homebuyers with refinancing, aiming to reduce interest rates and shorten mortgage terms. One review mentioned that a Home Lending Source mortgage broker managed to close the client's new purchase 20 days sooner than other lenders, which typically offer a minimum close time of 45 days.

License Verified:

License: 1850777

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 (31)
Facebook
5.0 / 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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

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

Why choose this provider?

Phoenix Star Mortgage serves Palm Bay and its neighboring communities. Its team specializes in catering to first-time homebuyers, helping them review and apply for loan options such as USDA or conventional loans. The business also helps clients refinance existing mortgages. Its mortgage professionals discuss the available means of mortgage refinancing, including the benefits and processes involved in accessing their home's equity. The company's co-founders, Havana Romaine and Wendy Ruhlig, have over three decades of industry experience.

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
Google
5.0 / 5 (10)

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 Babcock Street #27, Palm Bay, FL 32909
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Harmony Mortgage, Inc. caters to clients throughout Palm Bay and the surrounding areas. This full-service company provides a vast range of refinancing programs for homeowners who want to lower their mortgage terms or rates or obtain a cash-out. It offers conventional, FHA and VA streamline, HomePath, Jumbo, and USDA loans. It also provides niche programs such as the Hometown Heroes and Hybrid Arms. Jason Carrasquillo, Realtor and mortgage loan originator, has been in the industry since 2004.

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

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 can mortgage refinancing help with your divorce in Palm Bay?

    If you are getting the house, refinancing allows you to remove your ex-spouse’s name from the mortgage. If the house’s equity is to be divided, you can also use the funds from the new refinancing loan to buy out your ex-spouse’s portion. This lets you independently own the property and releases your ex-spouse from credit responsibilities on it. Your trusted mortgage loan officer in Palm Bay can help you track down the ideal loan for your divorce situation.

  • Can you get your mortgage refinanced in Palm Bay if you had credit issues?

    You can still get a refinancing loan with bad credit in the past. However, expect your interest rate or down payment to be 20-50% higher than average since you are a risky borrower. Ask your refinancing loan officer in Palm Bay about their specific credit history requirements. If your credit issues are just missed credit card payments less than 30 days late and less than three times last year, you can still be approved for a low interest rate.

  • How much money can you get out of cash-out refinancing in Palm Bay?

    With cash-out refinancing loans in Palm Bay, you can typically borrow up to 80% of your home’s market value. You can cash out what is left of that 80% after paying off your current mortgage. For example, if your home was appraised at $150,000 and you have a remaining balance of $80,000 on your mortgage, your refinancing loan amount will be $120,000. The $40,000 that’s left after paying off the $80,000 balance will be available for you to cash out.

  • How long does the cash-out refinancing process take in Palm Bay, and how soon can you apply for one?

    Generally, the cash-out refinancing process takes 30 to 60 days from the date of application. Complex financial situations may make the process longer. Providing the complete requirements early can also help shorten the timeline. To qualify for a cash-out refinancing loan in Palm Bay, your current mortgage has to be at least six months old, regardless of whether you already built up substantial equity.

  • If you refinanced your Palm Bay home using a reverse mortgage loan, do you have to pay taxes on the funds you received?

    No, the IRS does not collect taxes in “loan proceeds,” so the funds you got out of a reverse mortgage loan are tax-free. Your Medicare and Social Security benefits will also not be affected by getting additional income from a reverse mortgage. Note that closing costs and fees for a reverse mortgage may be expensive. Discuss the calculations with your Palm Bay loan officer to ensure the closing costs do not offset the tax-free benefits you get from the 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.