Expertise.com

2024

Last updated:

Best Mortgage Refinance Companies in Augusta

Our Recommended Top 4

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 Augusta 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.

105Reviewed

64Curated

4Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
243 Davis Road, Augusta, GA 30907
  • Commercial Loans

Why choose this provider?

Since 1976, Augusta Mortgage Company has been serving clients throughout the area. It works with homeowners aiming to refinance their mortgages. The company checks client information like credit scores as part of its work process. It also helps aspiring property owners qualify for the Georgia Dream Homeownership Program. It provides other mortgage program options, including USDA and VA loans. Kevin McDougal, its president, once served the Mortgage Bankers Association of Georgia as its governor. He is an Augusta Board of Realtors member.

License Verified:

License: 140452

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
5.0 / 5 (37)
Google
4.8 / 5 (20)

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
4103 Madeline Dr. Suite 106, Augusta, GA 30909
  • Reverse Mortgages

Why choose this provider?

Veterans United of Augusta, GA, is a group of loan officers that serves individuals in the local metro. Throughout the loan process, it guides military personnel and their families to gather eligibility requirements, gain pre-approval, and find their dream house. It provides a variety of VA financing options to help people purchase homes, make energy-efficiency improvements, and borrow money against the equity in their homes. The organization collaborates with military advisors to educate veterans about loans and homeownership.

License Verified:

License: 1533119

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 (81)
Facebook
5.0 / 5 (12)

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
217 Davis Rd., Augusta, GA 30907
  • Reverse Mortgages

Why choose this provider?

First Choice Mortgage serves home buyers in Augusta who are in the market for loan and refinancing options. The products include FHA-insured and renovation loans. It offers self-employed bank statement loans for refinancing purposes, which require no tax returns. Selections are also available for military service veterans looking for new houses or with existing obligations. First Choice Mortgage has online facilities to address client needs 24 hours a day. The company has been open since 1992 and operates across two states.

License Verified:

License: 148371

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 (54)
Facebook
4.9 / 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
147 Davis Road, Augusta, GA 30907
  • Reverse Mortgages

Why choose this provider?

Jeff Taylor is a producing sales manager at Atlantic Bay Mortgage Group. He serves clients across Augusta and its surrounding areas, assisting homeowners who are looking to refinance their mortgages. He works with clients in creating customized plans and helps them through the mortgage process, from finding the right loan program that suits their needs and budget to signing and closing. Additionally, he offers loan programs for first-time homebuyers. Jeff is also licensed in Florida and South Carolina.

License Verified:

License: 455159

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 (13)

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

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.
  • At what point might a borrower in Augusta consider choosing between a fixed-rate and an adjustable-rate mortgage loan?

    Prospective homebuyers and individuals looking to refinance their existing mortgage in Augusta should consider the option of a fixed-rate mortgage if they want the assurance of a consistent monthly payment throughout the homeownership duration and if they are anticipating potential interest rate increases. Conversely, an adjustable-rate mortgage could be worth considering if the goal is to acquire more property than a fixed-rate loan would permit, especially if there are intentions to sell the property in the near future.

  • Do borrowers have the option to pay points to reduce their new interest rate when refinancing a mortgage in Augusta?

    Yes, points can apply in mortgage refinancing, just as they do in the original mortgage process. If homeowners in Augusta intend to remain in their residence for at least a few years, opting to pay discount points to reduce the interest rate of the loan can serve as an effective strategy for decreasing their obligatory monthly loan payment. This approach might also potentially raise the ceiling on the loan amount that they can comfortably borrow.

  • Can Augusta veterans refinance their current mortgage with a VA loan?

    Yes.The two main programs aimed at assisting Augusta VA borrowers in refinancing to a reduced interest rate are the VA Streamline Refinance and the VA Cash-Out Refinance. For eligible homeowners, the VA Home Loan Program offers a straightforward avenue to capitalize on lower rates and reduce their monthly mortgage expenses. Furthermore, military homeowners have the opportunity to receive funds through a VA refinance, which can be employed for diverse purposes such as debt settlement, home enhancements, and other necessities.

  • What is the difference between fixed-rate and adjustable-rate mortgages in Augusta?

    A fixed-rate loan requires Augusta borrowers to maintain a consistent interest rate and an unchanging monthly payment for principal and interest, although taxes and insurance might rise. On the other hand, an adjustable-rate mortgage allows adjustments to the interest rate at designated intervals throughout the loan's duration. Any shifts in interest rates hinge on the lender's chosen financial index and are restricted by additional stipulations within the loan agreement.

  • What is the mortgage refinancing process in Augusta?

    The process of refinancing a mortgage in Augusta consists of gathering essential paperwork, such as evidence of earnings, a credit track record, and a property valuation. Often, a qualified appraisal is mandatory for the lender to ascertain the present value of the property owned by the borrower. The lender's underwriting team examines the application and accompanying documents. Supplementary details might be asked for, and once satisfied, the team grants official approval for 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.