Expertise.com

2024

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Best Mortgage Refinance Companies in Rockford

Our Recommended Top 13

We did the research for you!

  • Licensing
  • User Reviews
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Our goal is to connect people with the best local professionals. We scored Rockford 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.

94Reviewed

61Curated

13Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

10417 Dawson St., Huntley, IL 60142
WebsiteLicense: 226357

Expertise.com Rating

Review Sources

Google
5.0 (4)
Yelp
1.0 (1)

Why choose this provider?

Al Martinez is a mortgage broker who has been serving customers in the Rockford metro for over 25 years. He helps clients with the mortgage refinancing process to reduce interest rates or switch from adjustable to fixed-rate loans. He handles various loan types, such as jumbo, VA, FHA, 203k, and USDA. He offers Lock & Shop program, which enables borrowers to lock in the current interest rate for up to 120 days. Martinez is part of the C & R Mortgage.

  • New Construction

2380 Esplanade Drive, Suite 301, Algonquin, IL 60102
WebsiteLicense: 462432

Expertise.com Rating

Review Sources

Google
5.0 (22)
Facebook
5.0 (18)

Why choose this provider?

Al Frederick has been dealing with clients throughout the Rockford metro for over five years. As a branch manager at First Centennial Mortgage, Frederick works with homeowners looking to refinance their goals. He runs a website that contains a mortgage calculator to help individuals visualize their financial decisions. He also offers a range of loan programs, from fixed-rate and adjustable-rate mortgages to FHA and VA loans, for aspiring homeowners. Frederick has more than two decades of experience in the industry.

  • New Construction

875 Feinberg Ct. #103, Cary, IL 60013
WebsiteLicense: 285795

Expertise.com Rating

Review Sources

Google
5.0 (62)

Why choose this provider?

Don Elbert serves the mortgage needs of families and individuals in Rockford and nearby metros. He works at Peace Mortgage Inc., helping clients who want to refinance loans to acquire their dream residential spaces. He works with customers to develop strategies for lowering interest rates and monthly payments. The professional also caters to first- and second-time buyers, as well as investors who need financing solutions to maximize their ROIs. Elbert conducts email and phone consultations.

  • Reverse Mortgages

3 W Crystal Lake Avenue Unit 1, Crystal Lake, IL 60014
WebsiteLicense: 220817

Expertise.com Rating

Review Sources

Google
5.0 (133)
Facebook
5.0 (101)

Why choose this provider?

Bryan Reed helps clients in Rockford with mortgage decisions. He helps to refinance homeowners in order for them to save money and get lower interest rates. He works closely with first-time and second-home buyers by answering their questions and explaining the processes in order to get their mortgage approved. Additionally, the agent assists investment buyers in buying real estate to maximize ROI and secure low-rate financing. Bryan helps his clients navigate through the entire process by helping them find the right program and keeping them informed.

  • New Construction

1118 E. Main St. Ste. 1B, St. Charles, IL 60174
WebsiteLicense: 1094161

Expertise.com Rating

Review Sources

Google
5.0 (166)
Facebook
5.0 (50)
Yelp
5.0 (27)

Why choose this provider?

Two Roads Lending is an independent mortgage firm that offers refinancing services to residents in Rockford. Its team of loan officers guides clients in obtaining lower interest rates, shortening their loan term, moving from an adjustable mortgage rate to a fixed rate, and eliminating private mortgage insurance. By creating tailor-fitted financing programs, the firm has been able to cater to first-time homebuyers, multiple property buyers, and investment property clients. Owner and manager, Ken Webster, has over 15 years of experience working in the mortgage industry.

  • New Construction
  • Reverse Mortgages

2401 W US Highway 20, Suite 206, Pingree Grove, IL 60140
WebsiteLicense: 1085173

Expertise.com Rating

Review Sources

Google
4.5 (129)
Yelp
3.5 (8)

Why choose this provider?

LifeStone Mortgage Corporation provides for Rockford’s refinancing needs. Its ultimate purpose is to establish long-term relationships with clients and make refinancing easier for them by using its industry expertise and tools, such as refinance analyses. It guides clients in selecting the right loan for them and offers fixed-rate, jumbo, conforming, and super-jumbo loans, as well as adjustable-rate mortgages. The company also handles USDA, VA, and FHA loans. It employs senior mortgage advisors who have over 15 years of industry experience.

  • New Construction

1430 Dekalb Ave, Sycamore, IL 60178
WebsiteLicense: 269119

Expertise.com Rating

Review Sources

Google
5.0 (41)
Facebook
5.0 (8)
Yelp
5.0 (7)

Why choose this provider?

Source 1 Mortgage helps Rockford residents looking to buy, sell, refinance, build, or invest in a residential property. Its refinance products help in reducing rates and payments, changing term lengths, or cashing out of home equity. In addition, it assists current and prospective homeowners in availing loans from the FHA, VA, and USDA or applying for fixed mortgages with 15- and 30-year terms. Source 1 Mortgage has more than two decades of experience in the industry.

  • New Construction
  • Reverse Mortgages

1051 E Main St. Suite 219, East Dundee, IL 60118
WebsiteLicense: 0005290

Expertise.com Rating

Review Sources

Google
3.8 (13)

Why choose this provider?

Barclay Butler Financial Incorporated serves clients in the Rockford metro and the neighboring areas. It provides mortgage refinancing services and aids clients in obtaining low-interest rates, lowering monthly payments, consolidating debts, and borrowing against the equity in their homes. It also helps clients purchase their dream homes by providing FHA loans. For clients seeking other options, commercial and jumbo loans are offered. The company works with more than 50 investors and lends residential mortgages to clients in Illinois and Florida.

  • New Construction

158 E Chicago St, Elgin, IL 60120
WebsiteLicense: 1899538

Expertise.com Rating

Why choose this provider?

American Home Enterprises is a mortgage brokerage firm serving clients in Rockford. The company enables homeowners to consolidate debt, reduce monthly payments, and lower interest rates through mortgage refinance. Its independent brokers work with clients in determining the best refinance option for their financial needs. Some of its refinance programs include cash-out or cashback, lower fixed-rate, shorter-term, and longer-term loans. Monica Bueno, the company's founder, brings over 18 years of experience in the real estate and mortgage industry. Originally from Ecuador, she caters to both English- and Spanish-speaking communities.

  • New Construction
  • Reverse Mortgages

2215 Perrygreen Way, Suite 3, Rockford, IL 61107
WebsiteLicense: 1870363

Expertise.com Rating

Review Sources

Google
4.9 (17)
Facebook
5.0 (9)

Why choose this provider?

Quantum Mortgage Group is a Rockford-based mortgage brokerage serving the metro and nearby areas. It helps borrowers prequalify for loans, purchase new homes, and refinance existing mortgages. Its team of advisors crafts personalized loan strategies that accommodate differing financial situations and property purposes, from residential homes to vacation houses, for investment or renovation. Quantum Mortgage Group combines technology and customer service to deliver a convenient client experience, with 24/7 online applications, automated status updates, and other helpful tools.

  • New Construction

64 E Crystal Lake Ave, Crystal Lake, IL 60014
WebsiteLicense: 232660

Expertise.com Rating

Review Sources

Google
4.8 (85)

Why choose this provider?

Mortgage Capital Group, Inc. serves clients in and around Rockford. It provides refinancing plans to customers who want to lower their monthly payments and interest rates or shorten their loan terms. Eligible borrowers may also choose to cash out money from their home equity to consolidate debts or pay for home improvements. Other mortgage programs include FHA, VA, USDA, and conventional loans. The company works to meet the unique needs of each client through a relationship-based approach.

  • New Construction
  • Reverse Mortgages

460 Briargate Drive. Suite 200, South Elgin, IL 60177
WebsiteLicense: 204840

Expertise.com Rating

Review Sources

Google
5.0 (6)

Why choose this provider?

Direct Mortgage Corporation is a local mortgage broker catering to residents of Rockford and surrounding areas. Its team helps property owners refinance their mortgages to lower interest rates and payments or tap into equity. The company also has loan options for clients looking to purchase a new home or additional real estate for residential or investment purposes. Direct Mortgage Corporation was founded in 1996 and is staffed with mortgage experts who have over three decades of industry experience.

  • New Construction

2821 Glenwood Ave, Rockford, IL 61101
WebsiteLicense: 1575396

Expertise.com Rating

Review Sources

Google
5.0 (23)

Why choose this provider?

Get Approved Mortgage, Inc. is a Rockford-based company. The brokerage provides home loan refinancing, whether the goal is to shorten the term of a loan, lower the interest rate and monthly payment, consolidate multiple mortgages, or free up home equity. Customers are educated about their options, which include conventional, 203K, FHA, USDA, and VA streamline refinance loans. Get Approved Mortgage, which was founded in 2016, also serves residents of the states of Indiana, New Jersey, Michigan, and Washington.

  • New Construction
  • Reverse Mortgages

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.
  • Why should you refinance your mortgage in Rockford?

    Refinancing your mortgage in Rockford presents a range of compelling reasons. First, you can seize the chance of lower interest rates than your original loan. Refinancing also allows you to have access to your home equity, providing you with financial flexibility for various needs. Additionally, refinancing can eliminate mortgage insurance requirements.

  • Can you do a cash-out refinance to fund your home renovation in Rockford?

    Yes, you can do a cash-out refinance to finance your home renovation in Rockford. This option involves obtaining a new loan that exceeds your existing mortgage balance, provided you meet the qualifying criteria and pay the associated refinance fees. The surplus amount can be received as cash. This cash can be utilized for various purposes, including home improvements or consolidating debts.

  • How can you get the perfect mortgage to refinance in Rockford?

    Achieving the perfect mortgage refinance in Rockford involves opting for a shorter loan term can help you pay off your home sooner, reducing the overall interest you'll pay over time. On the other hand, if you're looking to lower your monthly payments and enhance your available cash flow, refinancing for a more extended period might be beneficial. Additionally, for those undertaking significant home improvements or consolidating higher-interest debts, a cash-out refinance can allow you to access your home's equity.

  • What requirements should you prepare to avail a mortgage refinance in Rockford?

    You must meet specific requirements to qualify for a mortgage refinance in Rockford, such as employment and income stability proof, demonstrated through recent payslips, W2s for the past two years, and an employment verification letter. Income tax returns also play a role in showing your financial credibility. Bank statements may be requested to gauge your financial stability and available funds. Business owners might need audited financial statements. Your creditworthiness matters; you should have recent credit reports from major bureaus.

  • What are the available refinance choices to consider in Rockford?

    In Rockford, you can consider a cash-out refinance, which allows you to borrow against your home's equity for debt consolidation or significant expenses, benefiting from a lower interest rate. You can also reduce your monthly payment by refinancing to a lower interest rate, eliminating private mortgage insurance, or choosing between fixed and adjustable-rate mortgages. Altering your mortgage term or opting for a cash-in refinance to pay off the loan faster, can also be advantageous.

  • 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.