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Best Mortgage Refinance Companies in Cicero

2024

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Website
1016 West Jackson Boulevard, Chicago, IL 60607
  • FHA
  • Reverse Mortgages
  • New Construction

Why choose this provider?

Elite Rate is a boutique mortgage brokerage serving people in the Cicero area and nearby towns. It assists homeowners in decreasing their monthly mortgage payments or consolidating their debts through refinancing. The company carefully guides clients throughout the process and helps them confidently select suitable loans for themselves and their families. The method includes pre-qualification, application, loan estimation, underwriting, and closing disclosure. Some of Elite Rate's mortgage loan programs are conventional, FHA, VA, and non-QM.

License Verified:

License: 2155527

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

Website
2101 W Division St, Chicago, IL 60622
  • New Construction

Why choose this provider?

iLoan caters to clients needing assistance in resolving their mortgage matters for their properties in Cicero and the surrounding areas. It handles refinancing services to help individuals and families reduce their monthly payments, change their loan rates, consolidate their debts, and obtain cash from their equity. It offers advice to clients who wish to apply for loan programs suitable for their home needs and financial goals. The company received praise from its previous clients for providing accessible communication.

License Verified:

License: 1947845

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

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
6231 W Roosevelt Rd, Berwyn, IL 60402
  • New Construction

Why choose this provider?

Guaranteed Financial caters to clients in Cicero who seek refinancing and loan options. The crew examines current debts and replaces these with newer, less burdensome alternatives. Cash-out and traditional solutions are available. The company also has loans aimed at home renovators and buyers who are upgrading from their first or subsequent houses. These products include those backed by the government and conventional options. Guaranteed Financial was established in 2004, and each of its senior managers has been in the lending sector for over 12 years.

License Verified:

License: 280317

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
4.9 / 5 (33)
Facebook
5.0 / 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
6821 W North Ave #201, Oak Park, IL 60302
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Mortgage Resource Group is an independent brokerage firm that addresses the refinancing concerns of its clients in Cicero and the nearby areas. The company assists in reducing its clients' monthly payments by removing insurance from their loans. It also provides loans for first-time buyers of different properties, including condominiums and apartment buildings. Mortgage Resource Group has been in the home lending industry for more than 30 years and is also licensed to operate in Tennessee and Florida.

License Verified:

License: 207793

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 (12)

Website
4 Westbrook Corporate Center, Suite 650, Westchester, IL 60154
  • Reverse Mortgages

Why choose this provider?

United Home Loans is a Westchester-based business that caters to clients throughout Cicero. It guides homeowners through the cash-out refinancing process to help them consolidate their debts. The company also assists homeowners in switching from an adjustable-rate mortgage to a fixed-rate program to obtain lower interest rates. It deals with other individuals—including doctors and military veterans—and offers FHA and VA loan programs. The company has been in business since 2002. Mike Dulla, its president, serves as a member of the Illinois Association of Mortgage Bankers.

License Verified:

License: 207546

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
4.9 / 5 (231)
Facebook
5.0 / 5 (31)

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
3100 Oak Park Ave, Berwyn, IL 60402
  • DSCR
  • ITIN
  • Line of Credit
  • FHA
  • New Construction
  • Reverse Mortgages

Why choose this provider?

National Home Mortgage provides services to clients in Cicero and the neighboring areas. It handles mortgage refinancing services for clients owning townhouses, multi-family units, single-family homes, and condos who wish to lower or reduce their monthly loan payments and terms. It also guides individuals in taking out cash from their home's equity for their home improvement needs. The company carries various mortgage rate options suitable for clients needs, such as interest-only, adjustable, and fixed. National Home Mortgage has been in the industry for over 25 years.

License Verified:

License: 2090506

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.
4.0
Google
4.1 / 5 (28)

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
1 Mid America Plaza #800, Oakbrook Terrace, IL 60181
  • New Construction

Why choose this provider?

The Schaff Group is a mortgage refinancing services provider for Cicero-based clients. Loan products available for refinancing include conforming, FHA, VA, USDA, jumbo, and super jumbo loans. Rates can be changed from fixed to ARMs or vice versa. Loan durations between 30 and five years are also subject to updates. The Schaff Group handles business development and strategy, as well as full capture lifecycle support. It is a military home specialist certified by the non-profit organization Boots Across America.

License Verified:

License: 222644

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 (105)
Facebook
3.7 / 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
1455 W Hubbard St #200, Chicago, IL 60642
  • New Construction

Why choose this provider?

Heather McRae is a senior loan officer working under Chicago Financial Services, Inc. who assists Cicero homeowners with purchase loans and mortgage refinancing. McRae works with clients to find the best solution for them, whether it's to restructure and consolidate debts, fund major renovations, or get cash from equity. She also has special home loan programs for those who work in the education and healthcare sectors. McRae has been in the real estate and financial industry since 2001.

License Verified:

License: 890694

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 (148)
Facebook
5.0 / 5 (34)
Yelp
5.0 / 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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
2150 S Canalport Ave 2C7, Chicago, IL 60608
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Command Financial Group is a mortgage broker that renders a variety of lending options to property owners and buyers in the Cicero metro. The business provides loans and mortgages through FHA, VA, USDA, reverse, conventional, and self-employed lending programs. Additionally, its team offers borrowings for foreign nationals, homes for cannabis workers, remodeling, new construction, investment property, and home equity lines of credit. Financing for mixed-use projects and fix and flips are other options. Command Financial Group is a veteran-owned and veteran-operated small business.

License Verified:

License: 1754401

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 (3)

Website
3516 North Ashland Ave, Unit C, Chicago, IL 60657
  • New Construction

Why choose this provider?

Network Mortgage provides customized loan programs that suit the needs of Cicero homebuyers. It refinances existing loans to assist borrowers seeking to consolidate two mortgages, convert to a fixed-rate option, reduce interest rates and monthly costs, or cash out. The company offers commercial, conventional, FHA, HELOC, jumbo, and VA options. Certified mortgage planner Juan F. Lopez utilizes over 20 years of experience working for brokerage firms and financial institutions to help clients obtain financing. He has earned the National Association of Mortgage Brokers’ Lending Integrity Seal of Approval.

License Verified:

License: 186422

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
Facebook
5.0 / 5 (22)
Yelp
5.0 / 5 (14)

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
824 W. Superior St. Suite 207, Chicago, IL 60642
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Cypress Mortgage is a Chicago-based business that works with people throughout Cicero, advising homeowners throughout the process of refinancing their loans. It helps them switch from an adjustable-rate mortgage to a fixed-rate program and from a long-term mortgage to a shorter-term loan. It also guides aspiring homeowners on their loan options, including programs insured or guaranteed by government agencies like VA, FHA, and USDA. The company runs a website to educate clients on the process of improving their credit scores.

License Verified:

License: 234812

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)

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.
  • Is it advantageous for residents of Cicero to use a local mortgage broker when refinancing?

    Yes, utilizing a local mortgage broker in Cicero when refinancing offers numerous benefits for residents. One key advantage is the broker's in-depth comprehension of the local housing market and available mortgage products. Additionally, these brokers provide personalized and convenient services, usually meeting clients in person to discuss mortgage needs and simplify the refinancing process — a more efficient alternative to larger, out-of-state lenders.

  • What are the costs associated with refinancing a mortgage in Cicero?

    You should budget for application fees that may range from about $250 to $350 and origination fees of about 1% of the loan amount when refinancing a mortgage in Cicero. In addition, expenditures the same as your initial home loan, like title search, insurance, and lender fees, are frequently included. Some lenders also provide "low-cost" loans with marginally higher interest rates if money is limited.

  • Are there mortgage brokers in Cicero who specialize in bad credit refinancing?

    Cicero has mortgage brokers who specialize in bad credit home refinancing. Although securing a mortgage with poor credit can be challenging, these specialized brokers can assist you. It's important to note that Illinois law mandates credit score checks by lenders for loan approval, with lower scores often resulting in higher interest rates. Despite the difficulty, obtaining a mortgage with bad credit is feasible with the right Cicero-based brokers.

  • Is having at least 20% equity necessary for refinancing in Cicero?

    The equity requirement for refinancing in Cicero depends on your goals. A rate and term refinance usually requires 20% equity to eliminate private mortgage insurance or PMI. If your equity is less than 20% but your credit is good, refinancing could still be beneficial, though PMI payments might continue and the interest rate might not be as low. For cash-out refinancing, a minimum of 20% equity is often obligatory.

  • Can borrowers with occasional late payments still obtain a competitive interest rate for a home loan in Cicero?

    Yes, individuals in Cicero who have been late with payments less than three times within a year (within a 30-day window) still stand a good chance of securing competitive mortgage refinance rates. Many lenders understand valid reasons for late payments, such as illness or job changes, though explanations are necessary. Even with poor credit, obtaining a home loan is feasible, albeit with a higher interest rate and a larger down payment (usually 20%-50%) to offset risk.

  • 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.