Best Mortgage Refinance Companies in Davenport

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License: 631532

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Key Mortgage Group

5189 Utica Ridge Rd, Davenport, IA 52807
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Business Description

Key Mortgage Group offers services to homeowners and home buyers throughout the Davenport metro. Its team of loan originators works closely with real estate agents to find suitable solutions for clients looking for home financing options. Mortgage refinancing is one of the services provided by the company, which updates and lowers the mortgage rate that homeowners are paying. John Cornish, who has worked in the real estate lending industry since 2003, founded Key Mortgage Group.

License Verified:

License: 631532

Nationwide Multistate Licensing System and Registry

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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.
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4.9 / 5 (117)
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5.0 / 5 (7)

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Key Mortgage Group

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Frequently Asked Questions

What should you expect when refinancing a mortgage?

When refinancing a mortgage, expect to answer a lot of questions and provide documentation to back up your answers. You'll may also pay fees and closing costs of around $5,000. Additionally, expect to start over in terms of building home equity, because refinancing takes the amortization process back to the beginning.

How often should you refinance your mortgage?

There is no recommended frequency for refinancing a mortgage. How often you should refinance is determined by when it will save you money. If you can get better terms on your mortgage by refinancing, then it’s a good time to take action.

Can you refinance a first mortgage and not a second?

You can refinance your first mortgage and not the second one, but it can be difficult. You have to get the lender of your second mortgage to agree to the refinancing. The process is called resubordination, and some home equity lenders won’t agree. Additionally, lenders typically charge extra fees to resubordinate a loan.

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