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Best Mortgage Refinance Companies in Des Moines

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Charles Chedester logo
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License Verified:

License: 8636

Nationwide Multistate Licensing System and Registry

Charles Chedester

2753 99th St., Urbandale, IA 50322
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  • New Construction

Business Description

Charles Chedester, who is affiliated with Midwest Family Lending, provides mortgage assistance for residents in the Des Moines area. He helps clients refinance current loans, whether to consolidate debt, finance a home, or lower monthly rates. The professional also assists different types of clients, including self-employed professionals, entrepreneurs, and individuals with high and low credit, in financing their homes. FHA, VA, and conventional loans are some of the products he offers. Charles is a Certified Residential Mortgage Specialist and a Certified Veterans Lending Specialist.

License Verified:

License: 8636

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 (32)

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.
4.0
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First Rate Mortgage logo
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License: 2667

Nationwide Multistate Licensing System and Registry

First Rate Mortgage

1350 Hannah Ln, Waukee, IA 50263
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  • New Construction

Business Description

First Rate Mortgage is a locally owned and operated independent mortgage broker serving clients in Des Moines. It offers mortgage refinancing services to help buyers lower their monthly payments. Its mortgage consultants work with multiple wholesale lenders to provide clients with mortgage loan options that match their needs and situations. The broker offers conventional, USDA, Freddie Mac, and Fannie Mae loans. Principal Angela Swank is a mortgage broker who founded First Rate Mortgage in 1998.

License Verified:

License: 2667

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 (35)
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
Halo Capital logo
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License Verified:

License: 5853

Nationwide Multistate Licensing System and Registry

Halo Capital

3839 Merle Hay Road, Des Moines, IA 50310
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Halo Capital is a locally owned and operated mortgage lending company serving clients in the Des Moines area. It offers various loan options, including conforming, jumbo, USDA, FHA, and VA loans. The company offers additional services for rate estimators, home purchase financing, funding, and debt consolidation options. Its lenders assist clients in finding the right home loan that fits their unique needs and situation. Moreover, Halo Capital is a member of the Mortgage Professionals of Iowa.

License Verified:

License: 5853

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 (58)
Facebook
5.0 / 5 (31)
Yelp
4.0 / 5 (5)

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
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Detail
Independent Mortgage logo
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License Verified:

License: 22736

Nationwide Multistate Licensing System and Registry

Independent Mortgage

10430 New York Avenue, Urbandale, IA 50322
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  • Reverse Mortgages

Business Description

Independent Mortgage has been serving residential property owners in and around the Des Moines area for more than 25 years. The company assists clients in refinancing their existing mortgages and purchasing their new homes. Its team educates customers about different home loans and helps them throughout the home buying process. One of its members, Balik Woellhof, has been active in the mortgage industry for the last decades. Founder John Burns has worked with Freddie Mac and Fannie Mae to create mortgage products.

License Verified:

License: 22736

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
4.6 / 5 (10)
Google
5.0 / 5 (9)
Louie Wickett logo
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License: 1212160

Nationwide Multistate Licensing System and Registry

Louie Wickett

2370 Northwest 128th Street, Urbandale, IA 50323
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  • New Construction

Business Description

Louie Wickett, a lender under Key Mortgage Group and a Des Moines native, serves property buyers and sellers in the area. He offers different loan types, including VA, FHA, USDA, and conventional mortgages. He also assists with first-time homebuyer and new construction loans. In addition, he provides home refinancing solutions. Wickett has more than seven years of experience in the mortgage lending industry. He educates his clients through various educational videos and resources available online.

License Verified:

License: 1212160

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 (251)
Facebook
5.0 / 5 (152)

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
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Midwest Family Lending logo
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License Verified:

License: 4622

Nationwide Multistate Licensing System and Registry

Midwest Family Lending

2753 99th Street, Urbandale, IA 50322
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Midwest Family Lending is a firm of mortgage loan specialists that helps clients navigate their options for mortgage refinancing in the Des Moines area. The independent mortgage company is tied up with multiple lenders that can offer different loan and refinancing options for homeowners. Its conventional, government, and specialty loan options are available for various refinancing needs such as monthly payment reduction, equity cash-outs, and mortgage term reduction. MFL and its loan officers are all licensed by the NMLS.

License Verified:

License: 4622

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 (228)
Facebook
5.0 / 5 (110)

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.
4.0
Responsiveness
Friendliness
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Detail
––
Mortgage Producers Inc logo
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License Verified:

License: 1680

Nationwide Multistate Licensing System and Registry

Mortgage Producers Inc

2755 106th St., Urbandale, IA 50322
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  • Commercial Loans
  • New Construction
  • Reverse Mortgages

Business Description

Mortgage Producers, Inc. is a locally owned and operated company that helps individuals and families in Des Moines and the surrounding areas. It offers mortgage refinancing solutions, providing loan arrangements, such as special home equity, conventional, and high-debt ratio loans. It also processes government loan programs, including FHA, VA, and USDA rural development options. Its team assists in a range of services, from credit reports and pre-approval to debt consolidation. Mortgage Producers brings over 20 years of industry experience.

License Verified:

License: 1680

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 (30)
Facebook
5.0 / 5 (4)

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
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MortgageRight Des Moines logo
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License Verified:

License: 167938

Nationwide Multistate Licensing System and Registry

MortgageRight Des Moines

4150 Westown Pkwy. Suite 302B, West Des Moines, IA 50266
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  • Multi-Family Loans
  • Commercial Loans
  • Reverse Mortgages

Business Description

MortgageRight Des Moines provides refinancing solutions to clients in the metro. It presents opportunities to help borrowers obtain different interest terms and rates in order to build, buy, or remodel their dream homes. Its mortgage refinancing options include conventional, USDA, FHA, NO PMI, and VIA loans. The company also offers other courses of action, such as reverse mortgages. Its brand manager, Steve Greig, has been assisting people with their refinancing needs for more than 20 years.

License Verified:

License: 167938

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

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
Sam Leahy logo
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License Verified:

License: 1218416

Nationwide Multistate Licensing System and Registry

Sam Leahy

1408 Locust St Suite 102, Des Moines, IA 50309
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  • Reverse Mortgages

Business Description

Sam Leahy is a mortgage loan officer with Community Choice who caters to clients in and around Des Moines. Leahy helps individuals and families with their mortgage refinance needs to reduce monthly payments, cash out some of their equity, or consolidate existing debts. He also provides customized mortgage lending solutions to match the needs of clients seeking to buy a new house, including those buying for the first time, looking for a new primary property, or hoping to buy a second vacation home.

License Verified:

License: 1218416

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
4.5 / 5 (13)
The Tyler Osby Team logo
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License Verified:

License: 8668

Nationwide Multistate Licensing System and Registry

The Tyler Osby Team

2400 86th Street, Suite 29, Urbandale, IA 50322
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  • New Construction
  • Reverse Mortgages

Business Description

The Tyler Osby Team, a company under Fairway Independent Mortgage Corporation, offers refinancing solutions to clients in Des Moines and nearby areas. Its process starts with an online application followed by a one-on-one consultation to discuss the applicable loan options. One of its previous clients commended the team for providing them with weekly updates on the progress of their application. Other clients say they appreciate the team's easy accessibility and promptness in answering any of their questions.

License Verified:

License: 8668

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 (1017)
Facebook
4.9 / 5 (403)
Yelp
5.0 / 5 (18)

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
Back to Providers

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 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.

How does mortgage refinance work?

The mortgage refinance process begins with choosing a broker and filling out loan application information. The process continues through underwriting and closing. The new mortgage is then used to pay off and close your original mortgage loan. This leaves you with a new loan and mortgage payment to manage each month.

When should you refinance a mortgage?

If your credit score has improved or mortgage interest rates have dropped, refinancing can potentially save you money. Other reasons to refinance your mortgage include getting a fixed rate instead of an adjustable one or getting a shorter loan term. An increase in your home’s value that can let you access more equity is another reason to refinance.

How much does it cost to refinance a mortgage?

The average cost to refinance a mortgage is $5,000. This amount varies, based on the state and county where the property is located and the loan amount. Common fees incurred when refinancing a mortgage include:

  • Appraisal fee
  • Broker’s fee
  • Credit check fee
  • Loan application fee
  • Recording fee
  • Title search and insurance fee

How soon can you refinance a mortgage?

Some lenders make borrowers wait a minimum of six months before accepting a new mortgage refinancing application. However, when that happens, borrowers can check with other lenders to find one that doesn’t require a wait before refinancing. A mortgage refinance broker can guide you to lenders that allow immediate refinancing.

How long does it take to refinance a mortgage?

The average amount of time it takes to refinance a mortgage is 45 days. In some cases, it may be possible to get it done faster. There also may be times when it takes longer to get a mortgage refinanced.

What is the average closing cost to refinance a mortgage?

The average closing cost when refinancing a mortgage is $4,345. Closing costs may be much higher or lower depending on the amount of money borrowed. If you see an ad that says there are no closing costs, the costs are factored in elsewhere in the terms of the loan.

How often can you refinance a mortgage?

You can refinance a mortgage as often as you like, however, if you refinance frequently, it can cost more in fees than you save on interest. Some reasons for refinancing repeatedly include a sharp drop in interest rates or going through a life event, such as a divorce.

When is it worth it to refinance a mortgage?

It’s worth it to refinance when interest rates drop and refinancing will save you money. It also may be worth refinancing if you need to access some of your home’s equity to cover other expenses. Refinancing may be worthwhile if you're switching from a variable to a fixed rate mortgage.

Can you refinance a mortgage with no closing costs?

You can refinance a mortgage without paying closing costs at the time. However, those costs are still owed and are factored in elsewhere in the financing. Lenders either add the costs to the principal owed or increase the interest rate on your refinanced mortgage loan.

Can you refinance a home equity loan into a mortgage?

You can refinance a home equity loan into a mortgage in some situations. You have to have excellent credit to do this. Additionally, you must have enough equity in your home to qualify for a new mortgage that pays off the existing mortgage and your home equity loan.

Can you refinance a mortgage without a job?

In some situations, you can refinance your mortgage if you don't have a job. It depends on the lender, because some will allow it and others won’t. A qualified mortgage refinance broker can help connect you with lenders that consider your situation. You have to submit documentation about your unemployment and the income you have.

Can you refinance a mortgage with bad credit?

It’s possible to refinance a mortgage if you have bad credit. If your payment record with your current lender is good, you can discuss refinancing with that lender. You may also be able to refinance a mortgage by going through a government-backed lender, such as the USDA or FHA.

Can you refinance a second mortgage?

It’s possible to refinance a second mortgage. If your credit score improves or interest rates drop, refinancing a second mortgage may save you money. Either of these situations can provide a way for you to get a lower interest rate. Refinancing a second mortgage can also sometimes shorten your loan repayment period.

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.

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.

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.

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